2-4 Family Home For Sale in Jersey City, NJ
 

MLS# : 240007315

Street : 520 MANILA AVE
Price : $1,845,000
Town : Jersey City, NJ 07302
Annual Taxes : $27,474

PROPERTY DETAILS

# of Rooms :
Bedrooms :
Full Baths :
Half Baths :
Basement : Full, Unfinished
Year Built :
Lot Size :
Style : Brownstone
Exterior Finish : Brick
Exterior : Brick
Heat/Cool : A/C Window, Gas

PROPERTY DESCRIPTION

Welcome to this bright and spacious 2-family Brownstone in the highly desirable Hamilton Park neighborhood of downtown Jersey City! Boasting two spacious duplex units filled with original details, high ceilings, exposed brick, decorative marble fireplaces, private outdoor space, and separate washer/dryer units. Unit 1 is a 2-bedroom, 1.5-bathroom home featuring an expansive parlor­-level, perfect for entertaining with a welcoming living & dining room complete with 2 decorative marble fireplaces, original plaster details and a spacious modern kitchen with European cabinets, stainless steel appliances and granite countertops which leads to a private deck and sun-filled, landscaped backyard, the perfect oasis for relaxation. The lower-level features two welcoming bedrooms, an updated bath and full basement with ample storage space. Unit 2 is a 3-bedroom, 2-bathroom duplex that was fully renovated in 2022. The first level features open concept living, dining, and kitchen with top-of-the-line European cabinetry, quartz counter tops and stainless-steel appliances. The upper has 3 bedrooms, one of which can be used as a nursery or flex/office space along with a fully renovated bathroom with Porcelanosa fixtures and modern soaking tub. Throughout the home are gleaming hardwood floors, recessed lighting, and modern finishes. Location is everything and this beautiful home is ideal for any lifestyle: owner occupy one unit with the opportunity for additional rental income (long term rental or Airbnb), renovate to your liking making an owner's triplex and create the brownstone of your dreams, or collect rent on both income-producing units. Additional updates to the home include two boilers and two water heaters separated per unit, and replaced with new units in July 2023. Brownstone and cornice were professionally restored in 2023 and 2024. Lot is elevated making this home out of the flood zone. Live in the heart of Downtown Jersey City with Hamilton Park just a few blocks away, 1 block to Newport Mall with the PATH train 5-10 minutes away. Come experience the world-renowned views while enjoying the walkway on the Hudson, entertain your kids at local playgrounds & parks. A commuter’s dream, just minutes to NYC via Path, ferry, access to the Light Rail, major highways, and the Holland Tunnel. Only 20 minutes to Newark Airport. Come and see for yourself why Jersey City was named the Sixth Borough of New York City. This home offers the perfect blend of historic charm, comfort and convenience!

Amenities

This listing is a courtesy of CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP
201-962-9551 office, listing agent FRANCESCO MAZZAFERRO

About Jersey City, NJ Real Estate Market

With an area of 21.13 square miles and a population of more than 290,000, Jersey City is one of the largest cities in the USA and the second-most populous city in New Jersey after Newark. A part of Hudson County from New Jersey and the New York metropolitan area, Jersey City is present on the west of Hackensack River, on a peninsula known as Bergen Neck.

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
PRICE INDEX
SINGLE FAMILY HOME SALES

Jersey City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

PRICE INDEX

Average Price* (12mo):  $627,653
Apatments Sold* (12mo):  962
PRICE INDEX
APARTMENT SALES

Jersey City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX

 

Download Full Apartment Sales Report

REAL ESTATE TAXES

General Tax Rate (2021):  1.603%
Effective Tax Rate (2021):  1.402%
GENRAL TAX RATE - Jersey City, NJ



MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Sales Associate
201-982-0358 (cell)

Madisom Adams Sales Associate Yuriy Zatuchny


Sales Associate
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Madisom Adams Sales Associate Maria Cisneros Martinez


Sales Associate
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Madisom Adams Sales Associate Juan Carlos Guevara


Real estate inventory
Jersey City
Homes : $349,000 - 3,995,000 62 avail
Condos : $220,000 - 4,148,000 380 avail
Co-ops : $485,000 - 499,000 2 avail
Twnhs : $399,000 - 1,699,000 14 avail
2-4 Fam : $380,000 - 3,995,000 119 avail
5+ Fam : $1,100,000 - 2,999,999 5 avail
Land : $200,000 - 6,000,000 16 avail
Rentals : $1,550 - 5,900 44 avail
Mixd Use : $1,100,000 - 3,500,000 8 avail
Com S : -
Com L : -
Biz : $65,000 - 1,250,000 10 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: 05/07/2024 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2024 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

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com