Condo For Sale in Jersey City, NJ
MLS# : 26006120
PROPERTY DETAILS
PROPERTY DESCRIPTION
Welcome to 787 Summit Ave, Unit 11 – A Smart Rent-and-Hold Investment in Jersey City Heights, 787 Summit Ave, Unit 11, offers the fundamentals buyers and investors look for when building long-term wealth: stable rental demand, a walkable neighborhood, and a property type that remains resilient through market cycles. This 2-bedroom condo sits in the heart of Jersey City Heightsâ€â€an area that continues to attract renters who want quick access to Journal Square, Hoboken, and NYC without paying downtown prices. The unit’s layout, natural light, and functional updates make it easy to rent and even easier to keep occupied. With its low maintenance profile and strong tenant pool, it’s the type of asset that performs well as a buy-and-hold: consistent cash flow today, appreciation potential over time, and the flexibility to reposition or refinance as the neighborhood continues to grow. Commuters will appreciate the nearby NY and JSQ bus stops, also within walking distance to Journal Square and PATH trains.
Amenities
- 24hr Sec
- Common Area
Dishwasher, Microwave, Ov/Rg/Gas, Refrigerator
Life Style :Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
This listing is a courtesy of United Real Estate
888-501-6953 office, listing agent Edwin Lora
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 |
