581-583 Palisade Avenue

Jersey City, NJ 07307

$2,200,000
Price
12
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

12 units Located just one block from the Congress St Elevator to Hoboken, 581-583 Palisade Ave offers a prime development opportunity in the desirable Jersey City Heights. Situated in an R3 development zone, this 50x100 lot currently houses 12 units and is ready for a visionary developer to reimagine its potential. With its strategic location and ample space, this property provides the perfect canvas for a new residential project, promising a blend of urban convenience and modern living in a thriving...12 units Located just one block from the Congress St Elevator to Hoboken, 581-583 Palisade Ave offers a prime development opportunity in the desirable Jersey City Heights. Situated in an R3 development zone, this 50x100 lot currently houses 12 units and is ready for a visionary developer to reimagine its potential. With its strategic location and ample space, this property provides the perfect canvas for a new residential project, promising a blend of urban convenience and modern living in a thriving neighborhood. $2,200,000 for the package. UNIT # Rent $ 581 1 $ 1,047 2 $ 1,059 3 $ 963 4 $ 851 5 $ 949 6 $ 1,300 1 - delivered vacant) $ 636 2 $ 939 3 $ 1,300 4 $ 780 5 $ 950 6 $ 937 Total $ 11,711 Annual $ 140,532 Taxes $ 22,613 PSEG/Utilities $ 4,881 JC Water $ 9,559 Insurance $ 12,635 Cleaning $ 1,200 Repair and Maint $ 2,940 Pets control $ 960 Total Expenses $ 54,788 NOI $ 85,744 - Price $ 2,200,000 To raise rents in Jersey CityEvery $100 spent on renovations, you get $1.35 in the first $5,000. After $5,000 you get $1.55 for every $100 spent per month. (Vacancy Capital Improvment) VCI application, costs $125 per unit.
  1. Listed by THOMAS MISURACA • KELLER WILLIAMS CITY LIFE REALTY

Property Details for 581-583 Palisade Avenue

Architectural Style
Multi-Level
Type Of Parking
None
Area
JC, Heights
Heating & Cooling
Gas, Radiators
LISTING UPDATED: 10/26/2024 11:56 AM

Property Details for 581-583 Palisade Avenue

StatusActive
MLS #240021055
Days on Market26
Taxes$22,613 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type3-4 FAMILY / 4 Family
Year Built-
Lot Size-
CountyHudson County

Property Information for 581-583 Palisade Avenue

Summary
Location and General Information
  • Address: 581-583 PALISADE AVE
  • Address Search Number: 581
  • Between: Off Congress
  • Geo Match Code: 3
  • Geo Matched Method: 0
  • Geo Quality: 0.9
  • Geo Update Timestamp: 10-26-2024
  • Geo Zoom Level: 16.0
  • Street Name: PALISADE AVE
  • City Name: JC, Heights
  • County Or Parish: Hudson
Taxes and HOA Information
  • LVT Date: 10-26-2024
  • Tax Year: 2023
  • Taxes: $22,613
Property
Property and Assessments
  • Associated Document Count: 2
  • Charge: Y
Interior and Exterior Features
Exterior Features
  • Exterior: Aluminum/Vinyl
Interior Features
  • Basement Description: Full
  • Fl1 Rooms: 12
  • Fl2 Rooms: 12
  • Fl3 Rooms: 12
  • Fl4 Rooms: 0
  • Floor 1 Bedrooms: 4
  • Floor 1 Full Baths: 4
  • Floor 1 Kitchen: 4
  • Floor 1 Living Rooms: 4
  • Floor 2 Bedrooms: 4
  • Floor 2 Full Baths: 4
  • Floor 2 Kitchens: 4
  • Floor 2 Living Rooms: 4
  • Floor 3 Bedrooms: 4
  • Floor 3 Full Baths: 4
  • Floor 3 Kitchens: 4
  • Floor 3 Living Rooms: 4
  • Total Dining Rooms: 0
  • Total Kitchens: 12
  • Total Living Rooms: 12
  • Total Other Rooms: 0
  • Num of Baths: 12
  • Half Baths Total: 0
  • Full Baths Total: 12
  • Num Full Baths: 12
  • Num Half Baths: 0
  • Bedrooms Total: 12

Property History for 581-583 Palisade Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 581-583 Palisade Avenue

This home is within Jersey City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Christa McAuliffe School
PublicPK to 8

Dr. Ronald Mc Nair Academy High School
Public9 to 12

James J. Ferris High School
Public9 to 12

Liberty High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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581-583 Palisade Avenue is a multi-family home for sale in Jersey City, NJ 07307. This property was listed for sale on October 26, 2024 by KELLER WILLIAMS CITY LIFE REALTY, it's currently listed at $2,200,000. This listing's school district is Jersey City Public School District. Nearby schools include Christa McAuliffe School, Dr. Ronald Mc Nair Academy High School and James J. Ferris High School. 581-583 Palisade Avenue is a 12-bed, 12-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS CITY LIFE REALTY, THOMAS MISURACA

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 11/21/2024 07:39 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 11/21/2024 07:39 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.