Land For Sale in Jersey City, NJ
MLS# : 260005323
PROPERTY DETAILS
PROPERTY DESCRIPTION
Introducing 325–329 Newark Ave, a rare opportunity to acquire a premier development site in the heart of Downtown Jersey City. The property is offered with approved plans for a 16-unit residential building with ground-floor commercial space, providing investors and developers the ability to deliver a high-quality mixed-use asset in one of the city’s most sought-after locations. The project also includes approved demolition permits for the two existing structures, allowing for a streamlined path to redevelopment. Positioned just a short walk from the Grove Street PATH Station and moments from the vibrant Newark Avenue pedestrian plaza, the site benefits from exceptional foot traffic and connectivity. Surrounded by an array of dining, retail, and nightlife destinations, the location offers strong appeal for both residential tenants and commercial users, with seamless access to Manhattan. With Downtown Jersey City continuing to see strong rental demand and a limited pipeline of development-ready sites, 325–329 Newark Ave represents a compelling investment opportunity within a proven growth corridor. The combination of approved plans, demolition permits, scale, and prime location makes this an ideal project for developers seeking to capitalize on the area’s ongoing expansion.
Current Zoning & Permited Use
This listing is a courtesy of COMPASS NEW JERSEY, LLC
551-212-3870 office, listing agent WILLIAM PARKERSON
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 | 41 |
| Condos : | $165,000 - 6,499,000 | 494 |
| Co-ops : | $350,000 - 564,000 | 3 |
| Twnhs : | $449,900 - 2,300,000 | 10 |
| 2-4 Fam : | $415,000 - 2,299,000 | 115 |
| 5+ Fam : | $1,400,000 - 1,550,000 | 3 |
| Land : | $600,000 - 4,800,000 | 24 |
| Rentals : | $1,550 - 5,800 | 51 |
| Mixd Use : | $1,400,000 - 1,899,000 | 4 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 900,000 | 15 |
