Land For Sale in Jersey City, NJ
MLS# : 250009287
PROPERTY DETAILS
PROPERTY DESCRIPTION
Fully Approved 6 Unit Project with Parking in PRIME TIME MCGINLEY SQUARE. Situated in the rapidly evolving McGinley Square neighborhood, 75 Crescent Avenue presents an exceptional opportunity for developers to capitalize on one of Jersey City’s most promising growth corridors. Surrounded by a vibrant, walkable community and just minutes to Journal Square PATH, the Hudson-Bergen Light Rail, and multiple NJ Transit bus lines, this location offers unmatched connectivity to both Downtown and Midtown Manhattan—just a 30-minute commute door-to-door. This site is ideal for a luxury condominium project tailored to urban professionals, investors, and buyers seeking upscale design paired with transit-oriented living. McGinley Square is experiencing steady appreciation, driven by new retail, dining, university investments, and residential demand. With high rental and resale appeal, this development site is perfectly positioned to deliver a modern residential product with long-term upside in one of Jersey City’s next frontier neighborhoods.
Current Zoning & Permited Use
This listing is a courtesy of EXP REALTY LLC
866-201-6210 office, listing agent JAMIE MORENG
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): | $715,928 |
| Homes Sold* (12mo): | 228 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $667,015 |
| Apatments Sold* (12mo): | 1,089 |
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 - 3,495,000 | 53 |
| Condos : | $150,000 - 4,048,000 | 501 |
| Co-ops : | $475,000 - 839,000 | 6 |
| Twnhs : | $369,000 - 2,099,000 | 10 |
| 2-4 Fam : | $330,500 - 3,495,000 | 117 |
| 5+ Fam : | $1,200,000 - 1,650,000 | 3 |
| Land : | $325,000 - 7,500,000 | 19 |
| Rentals : | $1,600 - 4,350 | 60 |
| Mixd Use : | $649,999 - 1,650,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 7 |
