Commercial space For Sale in Jersey City, NJ
MLS# : 250006912
PROPERTY DETAILS
PROPERTY DESCRIPTION
This unique property is located in the Journal Square Area which is experiencing significant development, with a new county courthouse, a modern park to be constructed in the future and the development of many multi-story residential buildings within a few blocks radius. The property itself is a three-story frame and concrete structure, featuring a commercial office space on the ground floor, that can also be used as retail. The upper two floors each contain two-bedroom apartments. The property also includes a private backyard. It is a short few blocks from the Path and Bus Terminal and convenient to the Holland Tunnel, NJ Turnpike and major highways with the ongoing development in the neighborhood, this location is poised for increased demand and growth providing outstanding appreciation poptential.
Amenities
This listing is a courtesy of LIBERTY REALTY LLC
201-222-2900 office, listing agent JEFFREY KAPLOWITZ
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 | 58 |
| Condos : | $155,000 - 4,048,000 | 479 |
| Co-ops : | $495,000 - 499,000 | 2 |
| Twnhs : | $520,000 - 1,869,000 | 13 |
| 2-4 Fam : | $347,900 - 3,500,000 | 119 |
| 5+ Fam : | $1,000,000 - 1,650,000 | 5 |
| Land : | $501,000 - 5,500,000 | 15 |
| Rentals : | $1,775 - 629,000 | 59 |
| Mixd Use : | $649,999 - 1,650,000 | 8 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 6 |
