Land For Sale in Jersey City, NJ
MLS# : 250013609
PROPERTY DETAILS
PROPERTY DESCRIPTION
This oversized lot, approximately 38x100 Square feet, comes with approved plans for an 8-unit residential development featuring a well-balanced mix of functionality and luxury. The design includes an elevator for added convenience and accessibility, as well as 7 dedicated parking spaces to accommodate residents. A standout feature of the project is the inclusion of two oversized penthouse apartments, which are part of a unique 8-unit layout on the upper levels, offering luxurious living spaces and elevated finishes. This approved development presents an excellent opportunity for a high-end, multi-unit building in the heart of Journal Square area.
Current Zoning & Permited Use
This listing is a courtesy of BLUE SKYES REALTY LLC
201-993-0479 office, listing agent JOHN NESAN
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): | $728,663 |
| Homes Sold* (12mo): | 232 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $671,552 |
| Apatments Sold* (12mo): | 1,098 |
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 : | $349,900 - 3,750,000 | 62 |
| Condos : | $195,000 - 4,148,000 | 524 |
| Co-ops : | $400,000 - 1,000,000 | 8 |
| Twnhs : | $369,000 - 2,099,000 | 14 |
| 2-4 Fam : | $425,000 - 3,495,000 | 123 |
| 5+ Fam : | $1,250,000 - 1,650,000 | 2 |
| Land : | $299,000 - 7,500,000 | 23 |
| Rentals : | $1,750 - 16,500 | 35 |
| Mixd Use : | $649,999 - 1,650,000 | 5 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 550,000 | 5 |
