Commercial space For Sale in Jersey City, NJ
MLS# : 260001992
PROPERTY DETAILS
PROPERTY DESCRIPTION
Acquire a mint-condition 5-unit mixed-use property located on highly trafficked Monticello Avenue, just minutes from Journal Square, offering tremendous upside in rental income. The property features two income-producing commercial spaces and three residential apartments, separate utilities, no rent control, and has been fully renovated within the past 10 years. Well- maintained and centrally located, it provides convenient access to shopping, dining, schools, and public transportation to New York City, making it a prime, turn-key investment opportunity with strong long-term growth potential.
Amenities
This listing is a courtesy of MICHAEL CERVELLI REAL ESTATE LLC
201-868-6300 office, listing agent GARY BAEZ
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): | $743,066 |
| Homes Sold* (12mo): | 184 |
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 : | $359,000 - 1,974,999 | 37 |
| Condos : | $165,000 - 6,499,000 | 422 |
| Co-ops : | $375,000 - 569,500 | 2 |
| Twnhs : | $439,900 - 2,300,000 | 9 |
| 2-4 Fam : | $530,000 - 2,150,000 | 94 |
| 5+ Fam : | $1,400,000 - 1,550,000 | 4 |
| Land : | $599,000 - 4,500,000 | 21 |
| Rentals : | $1,690 - 6,000 | 41 |
| Mixd Use : | $1,400,000 - 1,899,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $65,000 - 900,000 | 13 |
