Single Family Home For Sale in Jersey City, NJ
MLS# : 25036970
PROPERTY DETAILS
PROPERTY DESCRIPTION
Turnkey Residence with Rare Expansion Potential in Jersey City Heights Nestled along a tree-lined picturesque block within one of Jersey City's most desirable enclaves, 87 Sherman Place is a single-family residence that proudly fuses historic charm with modern functionality. The home exudes warmth and character from the moment you arrive, featuring a stately facade framed by mature trees and timeless architectural details. Inside, the residence balances origin al craftsmanship with thoughtful updates, offering an inviting layout ideal for both everyday living and elegant entertaining. Beyond the rear door lies a beautiful, expansive paved yard Thoughtfully designed for gatherings, gardening, or quiet relaxation, this versatile space provides an ideal backdrop for entertaining and family life alike. Even more compelling, the oversized lot offers unique development potential  with room to build a second dwelling or carriage house behind the main home  a rare find in the Heights (subject to zoning approval). Spacious bedrooms and a full bathroom on all three levels provide comfort and character in equal measure. The primary suite includes generous closet space and serene garden views, while a walk-up attic and finished basement offer flexible options for additional living, storage, or creative studio use. An inviting first-floor room provides the perfect opportunity for a guest suite, home office, or cozy den - tailored to your lifestyle. Abundant parking and outdoor space
Amenities
Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
This listing is a courtesy of Serhant New Jersey LLC
646-480-7665 office, listing agent Constance Zappella
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): | $735,306 |
| Homes Sold* (12mo): | 212 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $676,831 |
| Apatments Sold* (12mo): | 1,121 |
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 | 66 |
| Condos : | $140,000 - 6,499,000 | 472 |
| Co-ops : | $360,000 - 699,999 | 5 |
| Twnhs : | $440,000 - 1,775,000 | 11 |
| 2-4 Fam : | $450,000 - 2,395,000 | 120 |
| 5+ Fam : | $1,400,000 - 1,650,000 | 2 |
| Land : | $275,000 - 7,900,000 | 21 |
| Rentals : | $1,650 - 7,500 | 50 |
| Mixd Use : | $1,400,000 - 1,899,000 | 5 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $19,000 - 900,000 | 11 |
