Land For Sale in Jersey City, NJ
MLS# : 260003828
PROPERTY DETAILS
PROPERTY DESCRIPTION
Prominent Properties Commercial and BAG Real Estate Group are pleased to present the exclusive sale of 556 West Side Avenue, a shovel-ready development site in Jersey City's West Side neighborhood. The property sits within the NC-1 Neighborhood Commercial District and comes with fully executed conceptual architectural plans for a 5-story mixed-use building — one of the few remaining as-of-right development opportunities of this scale in the area. The proposed program requires no variances, confirmed via Zoning Determination Letter ZDL-2024-000414 from the City of Jersey City. KEY HIGHLIGHTS • As-of-right — fully conforming; no variances required • Architect-stamped concept plans ready for Site Plan application • Premium unit mix — four 3BR/2.5BA units (1,394 SF each) • Commercial space — 679 SF ground floor (retail/restaurant/office) • Zoning flexibility — residential, retail, medical, office permitted • Height upside — commercial-only program allows up to 64 ft • Roof amenities — roof deck (733 SF) + green roof (641 SF) • Transit-oriented — Journal Square PATH ~1.5 miles
Current Zoning & Permited Use
- NC1
This listing is a courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
201-333-7717 office, listing agent BASILIO RIVERA
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 : | $424,900 - 1,974,999 | 39 |
| Condos : | $165,000 - 6,499,000 | 439 |
| Co-ops : | $375,000 - 569,500 | 2 |
| Twnhs : | $439,900 - 2,300,000 | 10 |
| 2-4 Fam : | $530,000 - 2,299,000 | 98 |
| 5+ Fam : | $1,400,000 - 1,550,000 | 4 |
| Land : | $599,000 - 4,500,000 | 22 |
| Rentals : | $1,600 - 6,000 | 45 |
| Mixd Use : | $1,400,000 - 1,899,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $65,000 - 900,000 | 13 |
