Commercial space For Sale in Jersey City, NJ
MLS# : 250025638
PROPERTY DETAILS
PROPERTY DESCRIPTION
Welcome to Jersey City. This free-standing three-story multifamily property features SIX residential units, including one, one-bedroom unit and five, two bedroom units, with a total of six full bathrooms. This is an excellent opportunity for investors or owner-occupants seeking strong rental potential in a growing neighborhood. All separate utilities and coin laundry in the basement. 3 Garages and 3 additional outdoor spaces. Situated on an expansive 30 x 124 lot, this multifamily property offers significant value-add potential. The property is conveniently located near shopping, dining, and everyday essentials. Lincoln Park and Berry Lane Park are nearby and offer great outdoor recreation. The location provides easy access to NJ Transit buses and the light rail, with quick connections to JSQ, Downtown Jersey City, and NYC. What are you waiting for - book your showings today!
Amenities
This listing is a courtesy of EXP REALTY LLC
866-201-6210 office, listing agent N PIAZZA
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): | $738,325 |
| Homes Sold* (12mo): | 220 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $681,468 |
| Apatments Sold* (12mo): | 1,096 |
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 : | $379,999 - 2,895,000 | 47 |
| Condos : | $140,000 - 6,499,000 | 355 |
| Co-ops : | $410,000 - 449,000 | 2 |
| Twnhs : | $450,000 - 1,775,000 | 8 |
| 2-4 Fam : | $520,000 - 2,395,000 | 112 |
| 5+ Fam : | $1,400,000 - 1,650,000 | 3 |
| Land : | $499,000 - 4,500,000 | 13 |
| Rentals : | $1,680 - 7,500 | 35 |
| Mixd Use : | $1,400,000 - 1,899,000 | 5 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $18,500 - 900,000 | 10 |
