Incredible opportunity to own an exceptional piece of Hudson County real estate in an emerging neighborhood! This expansive property boasts nearly 4,000 sq. ft. of lot coverage(35 x 113) and features an existing single-family structure(owner previously leased the home for $3200/month). With its exclusive driveway accommodating multiple vehicles and a detached two car garage, this building is perfectly suited for redevelopment or immediate use. Currently zoned as R-3, you are permitted to build up to four units as of right, with an opportunity to build 10-15 or more units with city approvals and variance. You are 20 minutes from Lower Manhattan, New York, Newark Liberty Airport, Hoboken, and all major Hubs! So whether you're looking add another investment property into your portfolio, or venture on a multi-million-dollar development project, this property is a dream come true.
The median home value in Jersey City, NJ is $542,500. This is lower than the county median home value of $549,000. The national median home value is $338,100. The average price of homes sold in Jersey City, NJ is $542,500. Approximately 26.92% of Jersey City homes are owned, compared to 64.14% rented, while 8.94% are vacant. Jersey City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Jersey City real estate agent to arrange a tour today!
Jersey City, New Jersey has a population of 287,146. Jersey City is more family-centric than the surrounding county with 31.65% of the households containing married families with children. The county average for households married with children is 30.83%.
The median household income in Jersey City, New Jersey is $81,390. The median household income for the surrounding county is $79,795 compared to the national median of $69,021. The median age of people living in Jersey City is 34.5 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 24.7 degrees. The average rainfall is approximately 47.5 inches per year, with 26.4 inches of snow per year.