2-4 Family Home For Sale in Jersey City, NJ
MLS# : 250007165
PROPERTY DETAILS
PROPERTY DESCRIPTION
Unlock the full potential of this prime lot with the opportunity to develop an AS OF RIGHT modern 5-story mixed-use building (no elevator). Envision a dynamic commercial space on the ground floor, capitalizing on Kennedy Blvd’s high visibility and foot traffic. A residential unit at the rear offers additional rental income or owner-occupancy potential. The four upper floors can each house three thoughtfully designed residential units, totaling 12 apartments, perfect for maximizing rental revenue in Jersey City’s booming market. With the area’s ongoing growth, including nearby developments like the Bayfront project, this property is poised for significant value appreciation. Currently 1583 Kennedy Blvd, a rare investment gem in the heart of Jersey City’s vibrant West Bergen neighborhood! This spacious two-family property, sits on an oversized lot and offers the perfect blend of comfort, convenience, and opportunity. Each unit features generously sized rooms, gleaming hardwood floors, and an abundance of natural light. Enjoy off-street parking, a large private backyard, and low property taxes – ideal for homeowners and savvy investors alike. Commuters will love the easy access to public transportation, local shops, dining, and proximity to major highways, making this property a perfect fit for those seeking rental income or a dream home.
Amenities
This listing is a courtesy of COLDWELL BANKER REALTY
201-212-5026 office, listing agent PATRICK C SOUTHERN
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): | $708,406 |
| Homes Sold* (12mo): | 224 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $660,323 |
| Apatments Sold* (12mo): | 1,095 |
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 | 54 |
| Condos : | $150,000 - 4,048,000 | 487 |
| Co-ops : | $350,000 - 839,000 | 5 |
| Twnhs : | $535,000 - 1,700,000 | 9 |
| 2-4 Fam : | $280,900 - 3,500,000 | 127 |
| 5+ Fam : | $890,000 - 1,650,000 | 5 |
| Land : | $325,000 - 5,500,000 | 15 |
| Rentals : | $1,600 - 5,600 | 50 |
| Mixd Use : | $649,999 - 1,650,000 | 8 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 5 |
