Commercial space For Sale in Jersey City, NJ
MLS# : 230010725
PROPERTY DETAILS
PROPERTY DESCRIPTION
Investment opportunity in Jersey City: a currently uninhabited multi-level, mixed-use building that merges versatility and locality with a storefront and two apartment units. This structure was being used as 3-family residential home with a total of 11 bedrooms, 3.5 bathrooms, 3 separate kitchens, and a basement. This property is not only just three blocks from the Bayonne borderline but also a mere 5 minutes from the NJ Turnpike entrance, near local public transportation (Light rail on Danforth Ave and Bus station on Bergen Ave) with bus stops steps from the property and 15 minutes away from Journal Square, proving its convenience in location. The vicinity is populated with numerous shopping areas at the borderline, making it a bustling, high-traffic area ideal for commercial ventures. The first unit of the building can be converted into a commercial space, enhancing the property's potential for diverse income streams. It's half a block away from Middle School PS #40 Ezra L. Nolan and one block away from Elementary PS #30 Alexander D. Solomon.
Amenities
This listing is a courtesy of COLDWELL BANKER RESIDENTIAL BROKERAGE
732-494-7700 office, listing agent IRVING CHAM
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 (2021): | 1.603% |
| Effective Tax Rate (2021): | 1.402% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $638,157 |
| Homes Sold* (12mo): | 202 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $627,653 |
| Apatments Sold* (12mo): | 962 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2021): | 1.603% |
| Effective Tax Rate (2021): | 1.402% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $345,000 - 3,995,000 | 57 avail |
| Condos : | $220,000 - 4,148,000 | 371 avail |
| Co-ops : | $499,000 - 510,000 | 2 avail |
| Twnhs : | $399,000 - 1,699,000 | 16 avail |
| 2-4 Fam : | $380,000 - 3,995,000 | 119 avail |
| 5+ Fam : | $1,100,000 - 2,999,999 | 4 avail |
| Land : | $200,000 - 6,000,000 | 16 avail |
| Rentals : | $1,550 - 5,900 | 43 avail |
| Mixd Use : | $1,100,000 - 3,500,000 | 7 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $65,000 - 1,250,000 | 9 avail |
