Land For Sale in Jersey City, NJ
MLS# : 260005227
PROPERTY DETAILS
PROPERTY DESCRIPTION
Rare development opportunity at 162 Summit Ave, Jersey City! Located in a prime Jersey City neighborhood, this lot is development-ready and offers immediate potential to build quality housing. Key features include approved plans to build 3 condo's or a 3 family home with the possibility to add a 4th unit. Perfect for new construction, this property provides an excellent opportunity to capitalize on a sought-after area and bring a development project to life. Investors and developers will appreciate the ready-to-build status and approved plans, making this a turnkey opportunity in a competitive Jersey City market. Close to the bustling Journal Square area. 10-15 minute walk to the PATH train station, restaurants, cafes, bus routes and more.
Current Zoning & Permited Use
This listing is a courtesy of SKY REALTY INTERNATIONAL LLC
201-301-8400 office, listing agent REISHA BAKER
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 (2025): | 2.335% |
| Effective Tax Rate (2025): | 1.847% |
| 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 (2025): | 2.335% |
| Effective Tax Rate (2025): | 1.847% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $374,999 - 1,750,000 | 39 |
| Condos : | $165,000 - 6,499,000 | 483 |
| Co-ops : | $350,000 - 564,000 | 3 |
| Twnhs : | $449,900 - 2,300,000 | 10 |
| 2-4 Fam : | $415,000 - 2,299,000 | 108 |
| 5+ Fam : | $1,400,000 - 1,550,000 | 3 |
| Land : | $600,000 - 4,500,000 | 23 |
| Rentals : | $1,750 - 5,800 | 52 |
| Mixd Use : | $1,400,000 - 1,899,000 | 4 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 900,000 | 15 |
