Commercial space For Sale in Jersey City, NJ
MLS# : 250021830
Street : 570 JERSEY AVE
Price : $2,199,000
Town : Jersey City, NJ 07302
Annual Taxes : $30,336
PROPERTY DETAILS
PROPERTY DESCRIPTION
Exceptional opportunity to own an 8-unit multifamily property in a prime Jersey City location. The building features a great unit mix with four studios, two 2-bedroom units, and two 3-bedroom units, offering strong rental appeal and steady income. Recent updates include a newly repaired roof and a city-replaced water line. Located just minutes from Grove Street PATH, Van Vorst Park, and Newark Avenue dining and entertainment, this property sits in one of Jersey City’s most desirable and high-demand neighborhoods—a perfect addition to any investor’s portfolio.
Amenities
This listing is a courtesy of WEICHERT REALTORS
201-653-8488 office, listing agent ANTHONY IEMMELLO
About Jersey City, NJ Real Estate Market
With an area of 21.13 square miles and a population of more than 290,000, Jersey City is one of the largest cities in the USA and the second-most populous city in New Jersey after Newark. A part of Hudson County from New Jersey and the New York metropolitan area, Jersey City is present on the west of Hackensack River, on a peninsula known as Bergen Neck.
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.
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 |
PRICE INDEX
SINGLE FAMILY HOME SALES
Jersey City, NJ
SINGLE FAMILY HOME SALES
Jersey City, NJ
12 Month Moving Average
1 YR
2 YR
3 YR
5 YR
7 YR
MAX
PRICE INDEX
| Average Price* (12mo): | $683,110 |
| Apatments Sold* (12mo): | 1,126 |
PRICE INDEX
APARTMENT SALES
Jersey City, NJ
APARTMENT SALES
Jersey City, NJ
12 Month Moving Average
1 YR
2 YR
3 YR
5 YR
7 YR
MAX
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
GENRAL TAX RATE - Jersey City, NJ
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MADISON ADAMSTM
office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $379,900 - 3,195,000 | 71 |
| Condos : | $169,000 - 4,048,000 | 510 |
| Co-ops : | $360,000 - 529,500 | 4 |
| Twnhs : | $369,000 - 1,775,000 | 22 |
| 2-4 Fam : | $379,900 - 3,195,000 | 147 |
| 5+ Fam : | $1,650,000 - 1,650,000 | 1 |
| Land : | $85,000 - 7,900,000 | 21 |
| Rentals : | $1,700 - 6,250 | 53 |
| Mixd Use : | $1,599,000 - 1,950,000 | 4 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $35,000 - 600,000 | 12 |
