Commercial space For Sale in Jersey City, NJ
MLS# : 260006956
PROPERTY DETAILS
PROPERTY DESCRIPTION
This is an Incredible opportunity for today's savvy buyer to acquire this modern 3 unit multi family 15 years young. Where three families are limited in Journal Square which is the fastest growing section of jersey city and the epicenter of development focusing on high-rise residential towers and transit-oriented growth as well as a 10 minute walk to Downtown Jersey City where it has already experienced and is currently experiencing a massive high-rise construction boom transforming the Jersey City skyline with thousands of new residential units. 38 Courthouse Place offers three spacious and thoughtfully designed units providing comfortable living along with a strong rental income. The First Floor unit consist of a 2 BR 2FB unit with direct access to the yard. The Second and Third Floor units are identical and consist of 3BR and 2FB. The units are impressive in size and provide a functional living and spacious accommodations for tenants or owner occupant. With proper approvals the savvy buyer can add an additional unit creating a 4 unit multi family property in the heart of Jersey City. Gross Rental Income $118,500.00
Amenities
This listing is a courtesy of COLDWELL BANKER
201-716-0220 office, listing agent LUIS NEGRON JR
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 : | $419,000 - 2,950,000 | 53 |
| Condos : | $165,000 - 6,499,000 | 535 |
| Co-ops : | $350,000 - 554,000 | 5 |
| Twnhs : | $175,000 - 2,300,000 | 17 |
| 2-4 Fam : | $415,000 - 2,950,000 | 124 |
| 5+ Fam : | $1,400,000 - 1,550,000 | 3 |
| Land : | $599,000 - 4,800,000 | 22 |
| Rentals : | $1,650 - 5,500 | 48 |
| Mixd Use : | $1,400,000 - 1,550,000 | 3 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 698,888 | 12 |
