Commercial space For Sale in Jersey City, NJ
MLS# : 250019378
PROPERTY DETAILS
PROPERTY DESCRIPTION
Opportunity knocks in one of Jersey City's fastest-growing neighborhoods! This well-maintained, 3-story multifamily offers 2 spacious 4-bedroom units and 1 spacious 3 bedroom unit with private backyard , each with large living rooms and separate utilities — perfect for both investors and end-users. Enjoy positive cash flow, even with financing, thanks to low property taxes and minimal maintenance needs. Renovated with new vinyl plank flooring, fresh paint, and high ceilings, there's value-add potential including duplex conversion and rent increases. NOT rent-controlled, with rents currently below market. Located directly across from beautiful Columbia Park, with easy access to public transportation, local shops, schools, dining, and just 40 minutes to Manhattan by car. Whether you're house-hacking or investing, this is a smart, flexible opportunity in a thriving area. Schedule your tour today — live in one, rent the others, or add a high-performing asset to your portfolio!
Amenities
This listing is a courtesy of ELCAN REALTY
201-222-7330 office, listing agent ELVIRA QUIRAY
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): | $726,881 |
| Homes Sold* (12mo): | 217 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $681,984 |
| Apatments Sold* (12mo): | 1,113 |
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 - 2,099,000 | 72 |
| Condos : | $189,000 - 4,048,000 | 526 |
| Co-ops : | $418,000 - 529,500 | 2 |
| Twnhs : | $3,000 - 2,099,000 | 20 |
| 2-4 Fam : | $400,000 - 2,750,000 | 135 |
| 5+ Fam : | $1,650,000 - 1,650,000 | 1 |
| Land : | $85,000 - 7,900,000 | 19 |
| Rentals : | $1,725 - 6,250 | 53 |
| Mixd Use : | $1,600,000 - 1,950,000 | 4 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $35,000 - 450,000 | 6 |
