2-4 Family Home For Sale in Jersey City, NJ
MLS# : 250015570
PROPERTY DETAILS
PROPERTY DESCRIPTION
Unrivaled Development Opportunity in Jersey City HeightsLocation. Location. Location. Welcome to a rare opportunity to acquire two adjacent lots at 40 and 42 Spruce Street, ideally situated in the highly sought-after Heights section of Jersey City. This offering presents an exceptional chance for developers and investors to capitalize on the robust growth and demand for housing in this vibrant urban landscape. Located in the desirable "Sparrow Hill section of Jersey City Heights, when combined with the adjacent lot, 40 Spruce Street, (MLS # 3976457), investors have potential for up to twelve (12) dwelling units.
Amenities
This listing is a courtesy of KELLER WILLIAMS REALTY
908-273-2991 office, listing agent KIMBERLY CURTIS
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): | $743,504 |
| Homes Sold* (12mo): | 224 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $673,873 |
| 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 : | $349,900 - 3,495,000 | 53 |
| Condos : | $135,000 - 4,148,000 | 541 |
| Co-ops : | $375,000 - 739,000 | 4 |
| Twnhs : | $369,000 - 2,099,000 | 19 |
| 2-4 Fam : | $449,000 - 3,495,000 | 127 |
| 5+ Fam : | $1,250,000 - 1,650,000 | 2 |
| Land : | $299,000 - 3,995,000 | 21 |
| Rentals : | $1,750 - 2,500,000 | 39 |
| Mixd Use : | $1,250,000 - 1,650,000 | 4 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $40,000 - 450,000 | 5 |
