Commercial space For Sale in Jersey City, NJ
MLS# : 250010724
PROPERTY DETAILS
PROPERTY DESCRIPTION
Renovated two over one mixed-use brick building in the heart of McGinley Square. Perfect for an investor or business owner wanting to become established in an up-and-coming community just steps away from Journal Square and among new-construction buildings. The two x two-bedroom units have been fully renovated with new finishes and stainless-steel appliances. The upstairs has electric heating and the bottom has gas. Best of all, the property falls in a redevelopment area. Nestled among cafes, restaurants, and fully approved development sites, this property is perfect as an investment opportunity.
Amenities
This listing is a courtesy of WEST HOBOKEN RESIDENTIAL LLC
201-903-0444 office, listing agent KELLY BASTIDAS
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 : | $3,400 - 3,495,000 | 54 |
| Condos : | $150,000 - 4,048,000 | 493 |
| 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 : | $399,000 - 7,500,000 | 19 |
| Rentals : | $1,600 - 4,350 | 56 |
| Mixd Use : | $649,999 - 1,650,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 7 |
