Commercial space For Sale in Jersey City, NJ
MLS# : 250005139
PROPERTY DETAILS
PROPERTY DESCRIPTION
Seize this rare opportunity to own a powerhouse investment portfolio in Jersey City Heights! This exclusive package includes three prime properties—368 Palisade Ave, 372 Palisade Ave, and 32 Franklin Street—each featuring four spacious units, totaling 11 income-generating units. Perfectly positioned in one of Jersey City’s hottest neighborhoods, these buildings offer immediate cash flow and exceptional potential for income growth. With stunning Manhattan skyline views, proximity to transportation, dining, and shopping, and a thriving rental market, this trio is a dream for investors looking to dominate the market. Don’t miss your chance to secure a lucrative foothold in a rapidly growing area with this unbeatable all-in-one deal.
Amenities
This listing is a courtesy of COLDWELL BANKER REALTY
201-212-5026 office, listing agent PATRICK C SOUTHERN
About Jersey City, NJ Real Estate Market
Jersey City currently serves as a prime hub for distribution and transportation terminus for the Port of New York and New Jersey. Ever since the redevelopment of the Jersey City Waterfront happened, Jersey City became a major hub for banking and finance in the United States of America. All these developments in these years also resulted in the development of Hudson County real estate in the city.
Consisting of most of the parts of Ellis Island, Jersey City also surrounds Liberty City through its waters in the Upper New York Bay. Thanks to its proximity and easy connectivity to Manhattan, Jersey City is also considered the sixth borough of New York City. Jersey City has some of the earliest European settlements in North America, which played a crucial role in the development of various sections of the city.
| Population: | 267,345 |
| Total Housing Units: | 104,018 |
| Single Family Homes: | 36,684 |
| Apartments: | 67,334 |
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $717,571 |
| Homes Sold* (12mo): | 222 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $659,610 |
| Apatments Sold* (12mo): | 1,088 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $399,000 - 2,795,000 | 56 |
| Condos : | $199,000 - 4,148,000 | 428 |
| Co-ops : | $499,000 - 529,000 | 2 |
| Twnhs : | $449,000 - 1,700,000 | 14 |
| 2-4 Fam : | $365,900 - 2,750,000 | 112 |
| 5+ Fam : | $1,000,000 - 1,650,000 | 5 |
| Land : | $501,000 - 5,500,000 | 14 |
| Rentals : | $1,700 - 5,900 | 57 |
| Mixd Use : | $649,999 - 1,650,000 | 8 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 7 |
