Commercial space For Sale in Jersey City, NJ
MLS# : 260004073
PROPERTY DETAILS
PROPERTY DESCRIPTION
Exceptional opportunity to own a 6-unit mixed-use property in the heart of Journal Square, one of the most dynamic and rapidly transforming neighborhoods in Jersey City. Ideally positioned near the highly anticipated Journal Square Redevelopment Zone, this property offers strong income potential and long-term appreciation upside.The building features: 4 Residential Units, which are well-proportioned layouts with strong rental demand in a commuter-friendly location. 2 Commercial Units " Street-level storefronts offering excellent visibility and steady foot traffic. Located just moments from the Journal Square Transportation Center, tenants enjoy direct PATH access to Manhattan, Newark, and Hoboken, making this a highly desirable address for both residential and commercial occupants. Surrounded by ongoing high-rise development, new retail, dining, and infrastructure improvements, this property sits at the center of Journal Square's continued revitalization. Ideal for investors seeking stable cash flow with value-add potential in one of Northern New Jersey's fastest-growing submarkets.
Amenities
This listing is a courtesy of TNT REALTY NJ
908-603-6399 office, listing agent ISRAEL HERNANDEZ
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): | $752,459 |
| Homes Sold* (12mo): | 179 |
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 : | $374,999 - 2,895,000 | 44 |
| Condos : | $165,000 - 6,499,000 | 462 |
| Co-ops : | $375,000 - 564,000 | 3 |
| Twnhs : | $475,000 - 2,300,000 | 11 |
| 2-4 Fam : | $530,000 - 2,299,000 | 102 |
| 5+ Fam : | $1,400,000 - 1,550,000 | 4 |
| Land : | $599,000 - 4,500,000 | 23 |
| Rentals : | $1,690 - 6,000 | 48 |
| Mixd Use : | $1,400,000 - 1,899,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $65,000 - 900,000 | 13 |
