Commercial space For Sale in Jersey City, NJ

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MLS# : 180009128

Street : 424 WHITON ST
Price : $11,500,000
Town : Jersey City, NJ 07304
Annual Taxes : $96,000

Property Details

Property Description

424 Whiton is a brand new-construction, concrete and steel, ENERGY STAR rated, 30-unit, luxury apartment building located in one of the most highly anticipated "new" neighborhoods just outside of DOWNTOWN Jersey City. The unit mix consists of (10) two-bedroom, (5) one-bedroom + den, and (15) one-bedroom residential units, 3 units have 500 sq/ft balconies, and several with city views. Building amenities include an elevator, common outdoor roof deck, 14 covered parking spaces, virtual doorman, wheelchair access, mail/package room, in-unit washer/dryer, as well as high-end finishes. A more centrally located option than Journal Square, it is no wonder that many of New Jersey's premier and in-the-know developers have already broken ground in the immediate area. With hundreds of units currently being built and hundreds more on the way, the triple digit appreciation that Bergen Lafayette has experienced over the last two years is destined to grow even stronger. Conveniently located just four short blocks north of the Liberty State Park Station (5 minute walk), which brings commuters to downtown Jersey City in 3 minutes (1 stop) and to Exchange Place to Manhattan in 9 minutes (4 stops), 424 Whiton is an attractive alternative to those seeking a downtown living experience at a more affordable rate. Liberty State Park is a 10-minute stroll down Johnston Ave while Communipaw Ave, booming with new mixed-use development, offers residents trendy new coffee shops, bars and restaurants in under 10 minutes walking as well. The subject offering is a rare opportunity to get in early and own a meticulously crafted apartment building in the most exciting and well-positioned “new” neighborhood in Jersey City. The asset is turn-key and offers investors a strong return and will surely benefit enormously from the vast amount of mixed-use and residential development currently underway in the immediate area.


This listing is a courtesy of VUE REALTY GROUP LLC
201-683-8700 office


Madison AdamsTM
725 River Road, Suite 215
Edgewater, NJ 07020
201 760-1100 (office)
201 760-1102 (fax)

Broker Associate
201-838-5189 (cell)
Madisom Adams Broker Associate Priti Shah

Sales Associate
917-572-3873 (cell)

Licensed as Janusz Kijek Madisom Adams Sales Associate Janusz Kijek

201-478-3185 (cell)

Licensed as Marek Zagorski Madisom Adams Broker Marek Zagorski

About Jersey City, NJ

Population:  267,345
Total Housing Units:  104,018
Single Family Homes:  36,684
Apartments:  67,334
General Tax Rate (2017):  7.800%    Compare To Other Towns

Jersey City Market Indicators

Average Price* (12mo): $426,212
Homes Sold* (12mo): 291

Jersey City, NJ
12 Month Moving Average

Compare With Other Towns
1 YR 2 YR 3 YR 5 YR 7 YR MAX

Average Price* (12mo): $491,239
Homes Sold* (12mo): 1,075

Jersey City, NJ
12 Month Moving Average

1 YR 2 YR 3 YR 5 YR 7 YR MAX


Real Estate Taxes

General Tax Rate (2017): 7.800%
Compare To Other Towns
Real estate inventory
Jersey City
Homes : $118,800 - 2,295,000 337 avail
Condos : $89,500 - 2,899,988 55 avail
Co-ops : $400,000 - 895,000 3 avail
Twnhs : -
2-4 Fam : $115,500 - 3,495,000 765 avail
5+ Fam : $899,900 - 1,675,000 5 avail
Land : $80,000 - 5,900,000 78 avail
Rentals : $1,075 - 1,350,000 160 avail
Mixd Use : $439,000 - 2,395,000 9 avail
Com S : -
Com L : -
Biz : $15,000 - 2,500,000 52 avail

Similar Listings in Jersey City

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 12/13/2018 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2018 New Jersey Multiple Listing Service, Inc. All rights reserved.”

General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
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Madison AdamsTM

725 River Road, Suite 215
Edgewater, NJ 07020
201 760-1100 (office)
201 760-1102 (fax)