Land For Sale in Jersey City, NJ
MLS# : 250012216
PROPERTY DETAILS
PROPERTY DESCRIPTION
556 Westside Avenue presents a great opportunity to build an as of right 5 story mixed used building. One of the only lots that can be built ground up and is shovel ready on Westside Avenue. The subject property located at 556 West Side Avenue is within the NC-1, Neighborhood Commercial 1 District. The property is a two (2) story single family dwelling, which is a legally pre-existing non-conforming use in this District. The permitted principal uses in this District are the following but not limited to: Retail Sales and Services, Offices, Financial Institutions, Restaurants; Category One and Two, Residential Apartments (above the ground floor for mixed use buildings), Medical Offices, Educational Facilities, in addition to the other principal uses specified in Section 345 – 46 of the Jersey City Land Development Ordinance. Any of the permitted principal uses may operate in the same structure, however, ground floor residential is a conditional use that necessitates the approval of the Planning Board. The maximum building height for buildings without residential apartments above the ground floor is five (5) stories and 64 feet. Whereas five (5) stories and 55 feet is the maximum building height for buildings with residential apartments above the ground floor. The structure on the property will be demolished prior to closing.
Current Zoning & Permited Use
- NC-1
This listing is a courtesy of SERHANT NEW JERSEY LLC
973-315-5959 office, listing agent SUNNY RAITHATHA
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 | 59 |
| Condos : | $150,000 - 4,048,000 | 499 |
| Co-ops : | $499,000 - 739,000 | 3 |
| Twnhs : | $369,000 - 2,099,000 | 11 |
| 2-4 Fam : | $475,000 - 3,495,000 | 124 |
| 5+ Fam : | $1,299,999 - 1,650,000 | 2 |
| Land : | $299,000 - 7,500,000 | 22 |
| Rentals : | $1,900 - 16,500 | 53 |
| Mixd Use : | $649,999 - 2,599,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 6 |
