$2,295,000 523 Palisade Ave Jersey City, NJ

MLS: 170013202   Type: Investment   County: Hudson   City: Jersey City   Area: Heights   Zip: 07307     Stories: 3

Mortgage $10,775 /mo



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This turn-key, high-income producing 5 unit mixed use 6000 sq ft building in the upcoming Jersey Heights section of Jersey City. Everything was gutted and renovated in 2014 including all new mechanicals, roof, plumbing and electric, HVAC for each unit. The two ground floor commercial 2400 sq ft spaces with 13 feet ceilings are rented out on long term leases to Martial Arts and Yoga Studios. The second floor has two 2 bedroom residential units. The third floor has one 3 bedroom unit. Two of the units have large outdoor private terraces. All units have high-end finishes including well equipped kitchens, central air and heat, granite countertops, private washer dryer, hardwood flooring and contemporary bathrooms. The basement houses a new sprinkler system, water heaters and rentable finished storage room. Ideally located within two blocks of Congress light rail station in Hoboken. This provides for easy access to World Trade Center PATH line to Manhattan and NJ Transit line to 33rd St station in midtown NY. The property’s location gives walking access to hundreds of restaurants and bars in downtown Hoboken.

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Price History

8/1/2017 Listed $2,295,000


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Property vs Zip Code Avg (07307)

Price 2.29M Avg 1.40M

Visits 65 Avg 39

Days on Site 80 Avg 79

Walkscore® 93 Avg 92

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Listing Provided Courtesy Of: REMAX PREMIER - 908-754-1500

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Location & Address

Pure Properties
200 Hudson St. Suite 1000
Jersey City, NJ