Commercial space For Sale in Jersey City, NJ
MLS# : 250006498
PROPERTY DETAILS
PROPERTY DESCRIPTION
Investors dream opportunity to own a desirable and impressive income-producing 3 Unit Mixed Use property in Jersey City's West Bergen area. Solid brick building with first floor dental office and two apartments above. Each apartment has 3 bedrooms and 1 bath. Located on prime and busy West Side Avenue. All separate utilities. Current rent is below market with significant upside potential. Current CAP return is 5% As Is. The location is near various restaurants, shops, grocery stores, top charter schools, Saint Peter's University, NJCU, Houses of Worship (Churches, Mosques and Synagogues), and essential businesses. A short distance from beautiful Lincoln Park. A commuter's dream with a bus stop around the corner to the PATH at Journal Square and downtown Jersey City, and easy access to NJ Turnpike and Route 440. Don't miss out on this amazing opportunity, schedule your private tour today!
Amenities
This listing is a courtesy of LIBERTY REALTY LLC
201-610-1010 office, listing agent YONG PING MCCAHILL
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 : | $350,000 - 2,795,000 | 62 |
| Condos : | $199,000 - 4,048,000 | 441 |
| Co-ops : | $499,000 - 529,000 | 2 |
| Twnhs : | $449,000 - 1,700,000 | 15 |
| 2-4 Fam : | $365,900 - 2,750,000 | 122 |
| 5+ Fam : | $1,000,000 - 1,650,000 | 5 |
| Land : | $501,000 - 5,500,000 | 14 |
| Rentals : | $1,550 - 5,900 | 62 |
| Mixd Use : | $649,999 - 1,650,000 | 8 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 6 |
