See Home Value
$4,294,161*
Land - Off Market

677-679 MONTGOMERY ST

JC, Journal Square, NJ 07306
bedrooms
Studio
bathrooms
0 Bath
$3,600,000 - $4,400,000
Reference Base Price*
7.35%
Since Oct 1, 2022
NY-New York
Primary Model
Sold Jun 03, 2016
$625,000
$472,000 by Td Bank Na
Mortgage Due Jun 03, 2046

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.  The Montgomery St. development presents a unique opportunity for an investor to acquire up to 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 redevelopment.   McGinley Square is located south of Journal Square at the intersection of the city's two major throughways, Montgomery St. and Bergen Avenue. The properties are located along Montgomery Street adjacent to the Jersey City Armory.
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 $4,000,000
Listed
Jun 3, 2016 Sold to Property And Management Ass... $625,000
Sold to Property And Management Ass...

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,166
  • Lot Size Depth Feet: 866
  • Lot Size Frontage Feet: 250
  • 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: 0.05
  • Standard Land Use Code: Commercial (general)

Ownership

  • Current Owner : LEELA PROPERTY AND MANAGEMENT ASSOCIATES
  • Previous Owner : SUMMIT MANAGEMENT CO LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jersey City School District
  • Census Tract: 002001

Geography

  • Assessors Map Reference: TAX MAP 151
  • Account Number: 00324830
  • District: 06
  • Parcel: 06 15102-0000-00003
  • Block: 15102
  • Lot: 3
  • Municipality: JERSEY CITY CITY
  • Latitude: 40.7242
  • Longitude: -74.066

    Address

  • Full Address: 677 Montgomery St
  • Address - House Number: 677
  • Address - Street Name: Montgomery
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Jersey City
  • Zip Code: 07306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,018

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $472,000
  • First Open Lien Mortgage Lender: TD BANK NA
  • First Open Lien Mortgage Recording Date: Jun 03, 2016
  • First Open Lien Mortgage Loan Amount: $472,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jun 03, 2046

    Market Valuation

  • Market Total Value: $89,800
  • Market Land Value: $86,300
  • Market Improvement Value: $3,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,800
  • Assessed Land Value: $86,300
  • Assessed Improvements Value: $3,500

    Sales

  • Current Sale Contract Date: May 31, 2016
  • Current Sale Recording Date: Jun 03, 2016
  • Current Sale Transaction ID: 1757427258
  • Current Sale Price: $625,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20160603010058150

    Last Sale Mortgage

  • First Mortgage Lender: TD BANK NA
  • First Mortgage Transaction Date: Jun 03, 2016
  • First Mortgage Loan Amount: $472,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$3,750,000 Dec 28, 2022
-
$1,451/mo

About McGinley Square


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Frequently Asked Questions

When was property at 677 Montgomery Street built and last sold?
The property at 677 Montgomery Street was built in and last sold on May 31, 2016 for $625,000.
How much is this home worth?
The estimated value of the home located at 677 Montgomery Street is $4,040,000.
What are some comparable homes to 677 Montgomery Street?
There are currently no comparable homes to 677 Montgomery Street.

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