162 SUMMIT AVE, Jersey City, NJ 07304
Hudson County
Key Facts
Listing Courtesy: SKY REALTY INTERNATIONAL LLC - 2013018400
Description
Rare development opportunity at 162 Summit Ave, Jersey City! Located in a prime Jersey City neighborhood, this lot is development-ready and offers immediate potential to build quality housing. The existing property is approximately 1,500 sq ft and currently configured as a 4-bedroom, 1-bath home, offering potential for redevelopment or renovation. Key features include approved plans to build 3 condos or a 3-family home, with the possibility to add a 4th unit. Perfect for new construction, this property provides an excellent opportunity to capitalize on a sought-after area and bring a development project to life. Investors and developers will appreciate the ready-to-build status and approved plans, making this a turnkey opportunity in the competitive Jersey City market. Conveniently located near the bustling Journal Square area, just a 10–15 minute walk to the PATH train station, along with restaurants, cafés, bus routes, and more.
Property Information
Property Type
Commercial Sale
Days on Market
69
MLS® Listing#
260006113
Property Features
Affordability Calculator
$117,800
Estimated monthly payment
$3,135/mo
Principal $471,200 · Est. interest $657,366 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Jersey City, NJ
- $614,183
- Median Listing Price
- 48
- Median Days on Market
- 1,397
- Median Sq Ft
- $403
- Median Price / Sq Ft
- 3,163
- Active Listings
- This home’s price is 4% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Jersey City, NJ.
Location
Points of Interest in Jersey City, NJ
Showing the Jersey City area map.
Nearby Schools
Julia A. Barnes School
Elementary · 0.3 mi away
Al Ghazaly School
School · 0.3 mi away
Abraham Lincoln High School
Secondary · 0.3 mi away
Joseph H. Brensinger Elementary School Number 17
Elementary · 0.3 mi away
County Prep High School
Secondary · 0.4 mi away
NJ Regional Day School
School · 0.4 mi away
Hudson Catholic Regional High School
Secondary · 0.4 mi away
Primary Prep Elementary School
Elementary · 0.4 mi away
Beloved Community Charter School
School · 0.4 mi away
Jersey City Community Charter School
School · 0.5 mi away
Badr School
School · 0.5 mi away
Rev. Dr. Ercel F. Webb School
Elementary · 0.5 mi away
Learning Community Charter School
Elementary · 0.5 mi away
Jersey City Child Development Centers Inc Head Start Centers
School · 0.5 mi away
St Patrick Assumption Elementary School
Elementary · 0.6 mi away
Dr. Lena Edwards Academic Charter School
Elementary · 0.6 mi away
American Technology Training Institute
School · 0.6 mi away
Martin Luther King Junior School
Elementary · 0.6 mi away
Marcanthony Dinardo School
School · 0.6 mi away
James J. Ferris High School
Secondary · 0.6 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 15 CEDAR ST, Jersey City, NJ | $415,000 | 2 | 2 | 1,398 |
| 872 Leesville Ave, Rahway City, NJ | $415,000 | 4 | 3 | — |
| 622 Tremont Ave, City Of Orange Twp., NJ | $415,000 | 3 | 2 | — |
| 33 N 7Th St, Paterson City, NJ | $415,000 | 4 | 2 | 19,998 |
| Class 33 liquor license, Jersey City, NJ | $415,000 | — | — | — |
| 167 WAYNE ST 206, Jersey City, NJ | $415,000 | — | 1 | 698 |
