Property Description
The subject property consists of 2 contiguous 25 x 102 lots in Journal Square for a total of 5,100 square feet of land.
There are 2 rooming houses currently on the property.
Premium location steps to the Journal Square Path. Surrounded by thousands of new residential units.
Annual property taxes for both properties are $44,941.00.
The properties are currently producing $366,000.00 in annual revenue, making this a great covered land play.
The property sits in the Journal Square 2060 Redevelopment Plan Zone 4.
The Property can be delivered vacant.
Address Map
116 & 118
Magnolia Avenue
07306
116 & 118 Magnolia Avenue, Jersey City, NJ 07306
116 & 118 Magnolia Avenue, United States, New Jersey
5,100 Sqft
$3,300,000
Basic Details
Property Type : Land
Listing Type : For Sale
Asking Price : $3,300,000
Square Footage : 5,100 Sqft
Agent info
![Chris Vitiello Chris Vitiello](https://gridcre.com/wp-content/uploads/WPL/users/17/thprofile_autox105.jpg)
- Chris Vitiello
- 201.300.6489
- 551.204.1361
-
chris@gridcre.com
Attachments
- 116 118 Magnolia Ave Jersey City (1.4MB)
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