See Home Value
$6,441,241*
Land - Off Market

673-675 MONTGOMERY ST

JC, Journal Square, NJ 07306
bedrooms
Studio
bathrooms
0 Bath
$5,400,000 - $6,600,000
Reference Base Price*
7.35%
Since Oct 1, 2022
NY-New York
Primary Model
Transfer

About This Property

Perfect opportunity to grab multi properties - Great for development in the highly desirable McGinley Square section of Jersey City. Sprawling redevelopment projects in the immediate area.  McGinley Square is located south of Journal Square at the intersection of the city's two major throughways, Montgomery St. and Bergen Avenue. The subject properties are located along Montgomery Street adjacent to the Jersey City Armory.  The Montgomery St. Development Opportunity presents a unique opportunity for an investor to acquire 7 lots of prime real estate in an established and growing submarket. The portfolio has tremendous upside potential through the means of redevelopment into mixed use retail / multifamily while delivering an investor steady cashflow throughout the planning and approval phase of the redevelopment.   Please see attached flyer of the deal overview and development guidelines we've received from the local municipality, feel free to contact Michael Cruz directly regarding any questions or offers.  Sellers would prefer to sell as package with MLS#220010164  Property will be delivered vacant
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Sep 29, 2022 No longer available -
No longer available
Jun 3, 2022 Listed $6,000,000
Listed

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Condo
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,427
  • Lot Size Depth Feet: 885
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 0.102
  • Standard Land Use Code: Commercial (general)

Ownership

  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jersey City School District
  • Census Tract: 003000

Geography

  • Assessors Map Reference: TAX MAP 151
  • Account Number: 00590435
  • District: 06
  • Parcel: 06 15102-0000-00005
  • Block: 15102
  • Lot: 5
  • Municipality: JERSEY CITY CITY
  • Latitude: 40.7241
  • Longitude: -74.0658

    Address

  • Full Address: 673 Montgomery St
  • Address - House Number: 673
  • Address - Street Name: Montgomery
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Jersey City
  • Carrier Code: C057
  • 4-Digit Zip Code: 3324
  • Zip Code: 07306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $23,594

    Market Valuation

  • Market Total Value: $1,266,433
  • Market Land Value: $212,399
  • Market Improvement Value: $1,054,034

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,050,000
  • Assessed Land Value: $176,100
  • Assessed Improvements Value: $873,900



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About McGinley Square


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 55 Jordan Ave, JC, Journal Square, NJ, 07306

$1,950 /mo

  • Studio
  • 1 Bath
55 Jordan Ave #904, JC, Journal Square, NJ, 07306 Listing by LAURA KELLETT
Unit for rent at 144 Virginia Ave, JC, Greenville, NJ, 07305

$1,895 /mo

  • 1 Bed
  • 1 Bath
144 Virginia Ave #2, JC, Greenville, NJ, 07305 Listing by EMMANUEL OKOYE
Unit for rent at 41 Harmon St, JC, Bergen-Lafayett, NJ, 07304

$1,650 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
41 Harmon St #1, JC, Bergen-Lafayett, NJ, 07304 Listing by JEREMY CANIZARES


Frequently Asked Questions

When was property at 673 Montgomery Street built and last sold?
The property at 673 Montgomery Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 673 Montgomery Street is $6,060,000.
What are some comparable homes to 673 Montgomery Street?
There are currently no comparable homes to 673 Montgomery Street.

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