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    55 Ocean Ave Jersey City, NJ 07305

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    For Sale
    $649,000

    Multifamily property in thriving Greenville neighborhood, Jersey City.

    Lot size:
    0.05 Acres

    Property Features for 55 Ocean Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1927

    Source: REALTY OF AMERICA Agent JONATHAN SOTO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jersey City Multifamily Investment Property

    Located in the Greenville neighborhood of Jersey City, this well-maintained multifamily property presents an investment opportunity. The property features a finished basement, adding usable space. The location provides convenient access to public transportation, shopping, parks, and schools. Situated in a rapidly developing neighborhood with increasing property values, this property is suitable for investors.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0968073
    Latitude
    40.6907292

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property in thriving Greenville neighborhood, Jersey City.
    Where is this multifamily property located?
    The property is located at 55 Ocean Ave Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: - Strong investment potential in a rapidly developing Greenville neighborhood of Jersey City.; - Convenient location near public transportation, shopping, parks, and schools.; - Finished basement provides additional usable space.
    (833) 256-4244
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    55 Ocean Ave Jersey City, NJ 07305
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    Jersey City, NJ 07305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 Ocean Ave Jersey City, NJ 07305
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