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10
Map
$1,600,000
●
Land -
Off Market
85 Highland Avenue
Jersey City, NJ 07306
Studio
0 Bath
$9,315
Estimated Monthly
$0
HOA / Fees
1.08%
Cap Rate
About This Property
Vacant land opportunity in a prime location! Explore the potential
of this R-1 zoned property that allows for 2 units without a
variance. However, there are exciting options to maximize its
potential. Take advantage of the recently passed "Affordable
Housing Overlay" which enables building code-compliant units while
accommodating as many as possible, with a requirement of 10%
affordable units. Consult with an architect to determine the ideal
unit count within the building code limits. Alternatively, keep an
eye on the upcoming zoning changes set to go before the city
council. If approved, the R-1 density standard will increase to an
impressive 42 units per acre, granting a potential of 7 units for
the 85 Highland location. Moreover, if the building is deemed
historic and undergoes rehabilitation, the new zoning permits an
impressive 75 units per acre, offering a remarkable opportunity for
12 units.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$1,458
HOA Dues
-
Year Built
1905
Last updated: 14 days ago (NJMLS #23021192)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 16, 2024 | No longer available | - | |
No longer available | |||
Jul 10, 2023 | Listed by Coldwell Banker, Hoboken | $1,600,000 | |
Listed by Coldwell Banker, Hoboken | |||
Feb 19, 2019 | Sold to Brendan N Joy | $400,000 | |
Sold to Brendan N Joy |
Property Highlights
Building Info
Overview
Building
Neighborhood
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Condo
5
Beds
4
Baths
-
$1,810,000
May 12, 2023
$1,810,000
May 12, 2023
$4,075/mo
Sold
House
5
Beds
4
Baths
-
$1,895,000
Nov 30, -0001
$1,810,000
May 12, 2023
$1,940/mo