Commercial space For Sale in Jersey City, NJ
MLS# : 250019007
PROPERTY DETAILS
PROPERTY DESCRIPTION
Investor Opportunity – 221 Pacific Avenue, Jersey City (Bergen-Lafayette) **Fully Vacant on Delivery | Priced at Only $1,350,000** Presenting a renovated 6-unit apartment building in the heart of Bergen-Lafayette, one of Jersey City’s fastest-growing neighborhoods. Each of the six spacious 2-bedroom units features: Elegant granite countertops, Sleek stainless steel appliances, Rich hardwood floors,Exposed brick accents for classic character, Separate utilities for each unit, Individual gas heating & modern forced air systems. Delivered completely vacant, this property is a blank canvas. At just $1,350,000, this is a rare chance to secure a turnkey multi-family investment in a thriving community with high demand for quality rentals. **Contact today to schedule a viewing and capitalize on this incredible opportunity!
Amenities
This listing is a courtesy of WEICHERT REALTORS
201-333-4443 office, listing agent NATALIE ESFANDIARI
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): | $724,054 |
| Homes Sold* (12mo): | 206 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $683,110 |
| Apatments Sold* (12mo): | 1,126 |
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 : | $379,900 - 3,195,000 | 68 |
| Condos : | $169,000 - 6,499,000 | 506 |
| Co-ops : | $360,000 - 529,500 | 4 |
| Twnhs : | $369,000 - 1,775,000 | 20 |
| 2-4 Fam : | $379,900 - 3,195,000 | 134 |
| 5+ Fam : | $1,400,000 - 1,650,000 | 2 |
| Land : | $85,000 - 7,900,000 | 22 |
| Rentals : | $1,400 - 6,250 | 53 |
| Mixd Use : | $1,400,000 - 1,950,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $35,000 - 900,000 | 12 |
