Land For Sale in Jersey City, NJ
MLS# : 260003303
PROPERTY DETAILS
PROPERTY DESCRIPTION
Fully approved and shovel-ready 12-unit residential development opportunity in the heart of Journal Square. All plans and permits are secured — start building immediately. Located just steps from Newark Avenue’s vibrant Indian Street corridor and within close proximity to the Journal Square PATH station, providing direct access to Manhattan and downtown Jersey City. This prime location is surrounded by restaurants, retail, and a thriving residential community, ensuring strong rental demand and long-term value. • Approx. 5,000 sq. ft. lot • Approx. 11,140 sq. ft. Total buildable (including ADU) • Fully approved plans • All permits secured • Immediate construction start • 1031 exchange buyers welcome Rare opportunity to build in one of Jersey City’s most desirable and transit-connected neighborhoods.
Current Zoning & Permited Use
This listing is a courtesy of APNAGHAR REALTY LLC
201-656-0333 office, listing agent HIMANSHU SHAH
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 |
