Land For Sale in Jersey City, NJ
MLS# : 250011384
PROPERTY DETAILS
PROPERTY DESCRIPTION
Prime Development Lot in Jersey City - R-2 Zoned – Opportunity Awaits! Seize the chance to develop in one of Jersey City’s fastest-transforming neighborhoods! This 22.7 x 73.5 ft lot at 113 Ege Ave sits within both a Federal Opportunity Zone and the Bayside Redevelopment Area, offering powerful tax advantages and local redevelopment incentives. Build a profitable multi-family or custom residence in a zone primed for growth! *Zoned R-2 (Low-Rise Residential – ideal for buildable1-3-unit development) *Located in a Federal Opportunity Zone – major capital gains tax incentives *Within Jersey City’s Bayside Redevelopment Plan – potential for long-term appreciation *Minutes from the Garfield Avenue Light Rail Station – direct transit to Downtown JC, Hoboken, and NYC *Steps to the Hudson-Bergen Light Rail Greenway (planned), Berry Lane Park, and NJCU West Campus *Surrounded by major public investments, including Bayfront, SciTech Scity, and Liberty Science Center expansions *Easy access to NJ Turnpike, Route 440, and Liberty State Park *Whether you’re a seasoned developer or a long-term investor, this land offers the ideal mix of location, incentives, and potential. Don’t miss your chance to plant your flag in one of the hottest corridors of Jersey City’s Southwest renaissance. Call today for zoning details, survey, and development comps.
Current Zoning & Permited Use
- R-2
This listing is a courtesy of HOMEVEST REALTY INC
201-614-3535 office, listing agent ISAAC GERGES
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 | 46 |
| Condos : | $150,000 - 4,048,000 | 497 |
| Co-ops : | $475,000 - 839,000 | 6 |
| Twnhs : | $369,000 - 2,099,000 | 10 |
| 2-4 Fam : | $330,500 - 3,495,000 | 115 |
| 5+ Fam : | $1,299,999 - 1,650,000 | 2 |
| Land : | $325,000 - 7,500,000 | 20 |
| Rentals : | $1,600 - 16,500 | 50 |
| Mixd Use : | $649,999 - 1,650,000 | 5 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 6 |
