Business For Sale in Jersey City, NJ
MLS# : 250021980
PROPERTY DETAILS
PROPERTY DESCRIPTION
Restaurant for Sale – “The Corner Pho,†Downtown Jersey City, NJ. The sale come with the website, Hudson liquor license type 33 can be purchased separately Exceptional opportunity to own a high-grossing restaurant in the heart of Downtown Jersey City! The Corner Pho is a well-established Vietnamese restaurant specializing in Pho and authentic Vietnamese cuisine, generating approximately $150,000 per month in gross income and netting about one-third in profit. This prime location offers heavy foot traffic, surrounded by shops, offices, and residential developments — perfect for continued success. The space is ideal to continue the current concept or convert to any cuisine of your choice. Liquor License: Includes a Hudson Type 33 License (restaurant and license can be sold separately) Monthly Income: $150,000 Net Income: Approximately $50,000/month Location: Downtown Jersey City – high visibility, strong local and tourist customer base
Amenities
This listing is a courtesy of NORTHEAST REALTY & MANAGEMENT LLC
551-208-1848 office, listing agent J NGUYEN
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 | 71 |
| Condos : | $169,000 - 4,048,000 | 511 |
| 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 | 52 |
| Mixd Use : | $1,599,000 - 1,950,000 | 4 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $35,000 - 600,000 | 12 |
