This is your chance to own a mixed-use investment property on an irregular lot (33x86x25x63) on Old Bergen Rd with similar commercial properties nearby. 2 large apartments and open space on the ground floor, once retail. 3 bedrooms railroad-style in each apartment, one full bath, huge kitchen and limitless potential. Separate utilities except for heat and hot water. The ground floor is massive with extra high ceilings, newer electric all climate heat pump, roll up door and access to the backyard. The basement is unfinished, dry and a walk out to the street and backyard. The oil tank has been removed and paperwork available. Newer fire escape and alarm system, new hot water tank. Buses on the street and Danforth Avenue Light Rail near by. The owner occupies the entire building. The property needs updating, sold “AS IS”
Jersey City Real Estate
Mandalay on the Hudson, 20 2nd Street, Jersey City downtown market update.
2 condos sold on the open market at the Mandalay building from January 1 this year to present. During the same period in 2023, 2 condo sales were also recorded.
The average days on the market in 2024 is 66. The average sold price $942,500 representing 0.96% of the average list price of $984,000.
For sales recorded during January 2023 to March 25, 2023, the average sold to list price 0.94%.
Interested in knowing how much your home is worth? Let’s connect @janicehallnjrealtor. Weichert Realtors 201.232.8577 | 201.584.6980.
Condo sales in downtown Jersey City from January to March 2024 increased 25.5% over the same period in 2023.
74 condos sold January to March 2024. 59 condos sold during the same period in 2023.
In January to March 2023 the average days on the market for condos sold was 37. So far for 2024 the average days on the market is 26. The average sold price in 2023 was $834,110. The average sold price for 2024 is $868,004.
The highest priced paid for a condo in downtown Jersey City from January to present is $1,930,000, for a 3-bedroom, 2.5 bath. During the same period last year the highest price paid was $1, 550,000.
Let’s connect if you are considering investing in real estate in downtown Jersey City. Janice Hall, Weichert Realtors 201.232.8577 | 201.584.6980.
Condo sales during October in downtown Jersey City reflect less days on market and higher average sold price in 2023 compared to October 2022.
Only 38 condos in downtown Jersey City changed owners in October this year compared to 41 in October 2022. The average price paid this year was $933,239 compared to $813,539 in October 2022.
The highest sold price in October 2023 was $2,375,000 for a 3 bedroom 3 bath condo at 75 Park Lane South, Jersey City Downtown compared to October 2022 when a 2 bedroom 2 bath condo at the same address sold for $1,500,000.
The average days on the market for October this year was 34 compared to 49 the previous year.
If you are thinking of selling your Jersey City downtown home, there is no better time than the present. Janice Hall is the agent to call at 201.232.8577
42 condos sold in the Jersey City downtown area in August.
The highest price paid for a condo sold during August was $1,680,000, for a 2 bedroom 2 bath unit at 99 Hudson that sold in just 9 days on the market.
The average price paid in August was $831,568. The average days on the market was 21.
During the same time last year August 2022, 54 condos were sold on the open market. The average price paid was $895,468, and the average days on the market was 31.
Thinking of selling? Call Janice Hall at 201.232.8577 or email: janiceNJrealtor@gmail.com
8 days is the average time on the market for condos sold this year at the A Condominium in downtown Jersey City.
The average days on the market for condos sold this year at 389 Washington Street, Jersey City downtown, has been reduced to 8 days compared to 11 days in February.
At the end of August only three condos were sold. The highest price paid per square foot was $1,056. The highest price paid was $1,125.000 for unit 30E, a 2 bed, 2 bath unit sold in mid February.
$968,333 is the average sold price for the 3 units that changed ownership so far this year.
If you’re considering selling your home or need to know when is the best time to put your home on the market, contact Janice Hall, at 201.232.8577 or janiceNJrealtor@gmail.com.