by RHP Realty

See Home Value
$1,600,000
Land - Off Market

85 Highland Avenue

Jersey City, NJ 07306
bedrooms
Studio
bathrooms
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

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Total Rooms: 9
  • Bedroom Count: 9
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 2,273
  • Garage Type: Detached
  • Garage Square Area: 200
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,445
  • Lot Size Depth Feet: 1,432
  • Lot Size Frontage Feet: 520
  • Total Building Area: 4,882
  • Gross Building Area: 4,882
  • Building Area: 4,882
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,882
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.171
  • Standard Land Use Code: Quadruplex (4 units, any combination)

Ownership

  • Current Owner : JOY BRENDAN N
  • Previous Owner : JOY JOHN P
  • Previous Owner 2: JOY BRENDAN N
  • Owner Before Previous Owner: JOY EILEEN
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jersey City School District
  • Census Tract: 002800

Geography

  • Assessors Map Reference: TAX MAP 132
  • Account Number: 00305433
  • District: 06
  • Parcel: 06 13204-0000-00039
  • Block: 13204
  • Lot: 39
  • Municipality: JERSEY CITY CITY
  • Latitude: 40.7285
  • Longitude: -74.0711

    Address

  • Full Address: 85 Highland Ave
  • Address - House Number: 85
  • Address - Street Name: Highland
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Jersey City
  • Carrier Code: C068
  • 4-Digit Zip Code: 5801
  • Zip Code: 07306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $18,437

    Appraisal Valuation

  • Standard Deviation: 0.0941
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 1,616,043
  • High Value: 1,768,120
  • Low Value: 1,463,967

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: JOY JOHN P JOY
  • First Open Lien Mortgage Recording Date: Feb 19, 2019
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 19, 2049
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $820,500
  • Market Land Value: $277,100
  • Market Improvement Value: $543,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $820,500
  • Assessed Land Value: $277,100
  • Assessed Improvements Value: $543,400

    Sales

  • Current Sale Contract Date: Feb 13, 2019
  • Current Sale Recording Date: Feb 19, 2019
  • Current Sale Transaction ID: 11574020653
  • Current Sale Price: $400,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20190219010016170
  • Previous Sale Recording Date: Jun 28, 2001
  • Previous Sale Contract Date: Jun 11, 2001
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: JOY JOHN P JOY
  • First Mortgage Transaction Date: Feb 19, 2019
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Mixed Use
Stu
-
-
$1,674,000 Jun 2, 2023
$1,674,000 Jun 2, 2023
$3,316/mo
Multifamily
Stu
-
-
$1,300,000 Nov 30, -0001
$1,300,000 Jun 6, 2023
-
Multifamily
Stu
-
-
$1,299,000 Nov 30, -0001
$960,000 May 10, 2023
-
Condo
5 Beds
4 Baths
-
$1,810,000 May 12, 2023
$1,810,000 May 12, 2023
$4,075/mo
House
5 Beds
4 Baths
-
$1,895,000 Nov 30, -0001
$1,810,000 May 12, 2023
$1,940/mo
Land
Loft
-
-
$1,500,000 Jul 1, 2023
-
-
Commercial
Loft
-
-
$1,500,000 Mar 3, 2023
-
$1,483/mo
Commercial
Loft
-
-
$1,450,000 Apr 20, 2023
-
$1,138/mo
Mixed Use
Stu
-
-
$1,470,000 Jul 7, 2023
-
$787/mo
Multifamily
8 Beds
4 Baths
-
$1,399,000 Jun 27, 2023
-
-
Multifamily
6 Beds
5 Baths
-
$1,309,887 Apr 13, 2023
-
$540/mo

About McGinley Square


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Frequently Asked Questions

When was property at 85 Highland Avenue built and last sold?
The property at 85 Highland Avenue was built in 1905 and last sold on Feb 13, 2019 for $400,000.
How much is this home worth?
The estimated value of the home located at 85 Highland Avenue is $1,616,000.
What are some comparable homes to 85 Highland Avenue?
Homes that are comparable to 85 Highland Avenue include a land property at 24 Romaine Avenue, a commercial property at 769 West Side Avenue, 32 Corbin Avenue.

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