Land For Sale in Jersey City, NJ
MLS# : 260006646
PROPERTY DETAILS
PROPERTY DESCRIPTION
Priced to Sell Prime Journal Square Development Opportunity! Discover 41-43 Storms Avenue, a rare 50x100 lot in the heart of rapidly expanding Journal Square. This property boasts two 2-family homes (4 total units, each 2-bed/1-bath) offering immediate income potential. Rent now or deliver vacant potential, perfect flexibility for investors. Even better, the lot is ideal for future development. Generate rental income while securing approvals. Journal Square’s growth ensures long-term upside. Whether you develop or hold, this is your prime chance. Don’t miss this versatile, high-potential property in a booming market!
Current Zoning & Permited Use
This listing is a courtesy of SERHANT NEW JERSEY LLC
201-431-7677 office, listing agent PATRICK C SOUTHERN
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: | 289,691 |
| Total Housing Units: | 132,636 |
| Single Family Homes: | 9,795 |
| Apartments: | 122,774 |
| 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): | $739,081 |
| Homes Sold* (12mo): | 177 |
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 : | $399,000 - 2,395,000 | 56 |
| Condos : | $165,000 - 6,499,000 | 582 |
| Co-ops : | $345,000 - 679,000 | 10 |
| Twnhs : | $339,900 - 2,300,000 | 15 |
| 2-4 Fam : | $415,000 - 1,999,999 | 130 |
| 5+ Fam : | $1,550,000 - 1,550,000 | 1 |
| Land : | $469,000 - 4,800,000 | 25 |
| Rentals : | $1,650 - 5,300 | 30 |
| Mixd Use : | $1,550,000 - 1,550,000 | 1 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $30,000 - 1,295,000 | 13 |
