Commercial space For Sale in Jersey City, NJ
MLS# : 250015625
PROPERTY DETAILS
PROPERTY DESCRIPTION
Attention, ALL investors and builders. Introducing a prime location multi-family at 24 Perrine Avenue, Jersey City, NJ, nestled in the heart of the 2060 Journal Square Redevelopment Zone. This 3-family property is situated on a 24.5' x 91.4' lot and is a great opportunity for developers, builders, and investors eager to tap into the vibrant and developing Journal Square area. Whether you envision a tear-down or a gut renovation, the possibilities are vast. The location is bustling with new developments, making it a hotbed for future growth and investment. Across the street, there is a 48-unit project currently in the works. The 3,300 square foot building consists of 3 floors and a basement, 6 bedrooms, 3 full bathrooms, a large backyard, and is situated on a quiet, dead-end street. Build up to 3 stories as-of-right; however, similarly sized lots on the same block received approval for 4 stories. Just two blocks from Journal Square Path, this property is strategically located within Zone 4a (commercial mixed use) of the JSQ 2060 Redevelopment Plan. Don't miss the chance to be part of Journal Square's exciting transformation. This property is being sold AS-IS.
Amenities
This listing is a courtesy of COMPASS NEW JERSEY, LLC
551-212-3870 office, listing agent MICHAEL MCLAUGHLIN
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 | 49 |
| Condos : | $135,000 - 4,148,000 | 536 |
| Co-ops : | $375,000 - 739,000 | 4 |
| Twnhs : | $369,000 - 2,099,000 | 21 |
| 2-4 Fam : | $449,000 - 3,495,000 | 125 |
| 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 |
