Land For Sale in Jersey City, NJ
MLS# : 260002013
PROPERTY DETAILS
PROPERTY DESCRIPTION
The property at 351 3rd Street in the heart of Jersey City's coveted Village section of Downtown offers a prime development opportunity in one of the most dynamic and appreciating neighborhoods in the New York metro area. This five-story mixed-use building site (with site plan approval) features a strategic ground-floor commercial space complemented by essential mechanical systems, setting the stage for vibrant street-level retail, café, boutique, or professional office use. Above, floors 2 through 5 present flexible, well-laid-out residential floor plans ideal for creating spacious, modern apartments/units that command premium rents or sales in this high-demand market. Jersey City's Downtown/Village neighborhood continues to thrive as a hotspot for young professionals, families, and investors drawn to its walkable streets, historic charm, proximity to PATH trains (Grove Street and Newport stations just minutes away), and easy access to Manhattan. The area boasts strong median home price growth with a year-over-year increase recently, with citywide values climbing steadily amid balanced inventory and sustained buyer interest. This is a rare chance to acquire a development site in a proven, high-growth submarket. Ideal for developers, investors. Contact for full details on the conceptual plans, zoning (Neighborhood Commercial District supporting mixed-use), lot dimensions, and next steps toward realizing your vision in Jersey City's most sought-after Village neighborhood. Don't miss this opportunity—properties like this move quickly!
Current Zoning & Permited Use
- NC
This listing is a courtesy of SERHANT NEW JERSEY LLC
201-431-7677 office, listing agent PATRICK C SOUTHERN
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 |
