$749,000 737 Bergen Ave Jersey City, NJ

MLS: 180023585   Type: Investment   County: Hudson   City: Jersey City   Area: Journal Square   Zip: 07306     Stories: 3   Taxes: $8,663

Mortgage $3,516 /mo



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Ideal Investment Location for development in the heart of McGinley Square Special Improvements District. This 21x109 lot holds a mixed-use three story building made up of two residential units and one commercial storefront with tremendous potential, more so with possibility for added height and volume. The ground level business is vacant and offers approximately 1800 SqFt while the two 2bedroom units are currently at under-market rent rates. Take advantage of a prime opportunity as development surges in this Journal Square neighborhood, a little more than half mile to the PATH Train Plaza. This area currently boasts of four bus routes crossing it's path while the "JSQ 2060 Redevelopment Plan" envisions the creation of a street car/light rail linking JSQ to McGinley Sq. Surrounded by multiple upcoming luxury developments; St Peters University and it's approved plan for a newest tower as part of the McGinley Square East Redevelopment Plan, the Armory Redevelopment Plan, the upcoming Monticello Triangle units and more.

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Price History

12/21/2018 Listed $824,000
1/18/2019 7% - $774,000
2/12/2019 4% - $749,000

Listing Area JC, Journal Square
Listing Status Active
Section Journal Square
Stories 3
Taxes 8663
Type Investment

Interior Features

Fuel Gas

Exterior Features

Lot Dimensions 21 x 109
Sprinklers None

Property Schools

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Property vs Zip Code Avg (07306)

Price 749K Avg 1.09M

Taxes $8,663 Avg $11,341

Visits 20 Avg 114

Days on Site 91 Avg 232

Walkscore® 94 Avg 95

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: WEICHERT REALTORS - 201-333-4443

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Location & Address

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