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    92 Monticello Ave, Unit JC Downtown JC Jersey City, NJ 07304

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    For Sale
    $12,500,000

    Church property suitable for commercial or mixed-use development near NYC.

    Property Features for 92 Monticello Ave

    General Information

    Standard status
    Active

    Source: COLDWELL BANKER REALTY Agent EMANUEL BREWSTER

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

    Overview

    Downtown Jersey City Development Opportunity

    This property, currently operating as a church, presents a development opportunity suitable for commercial or mixed-use projects, subject to city and state regulations. Situated in the downtown area of Jersey City, it offers convenient access to New York City. The location is near mass transit options, shopping areas, and various houses of worship. The surrounding downtown Jersey City area is currently experiencing significant development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jerusalem Temple Holy Church

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -74.0720703
    Latitude
    40.7177419

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    FAQs

    What type of property is this?
    Church & religious facility - Church property suitable for commercial or mixed-use development near NYC.
    Where is this church & religious facility located?
    The property is located at 92 Monticello Ave, Unit JC Downtown JC Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: - Suitable for commercial and/or mixed-use development.; - Prime downtown Jersey City location.; - Minutes away from NYC.
    (908) 233-5555
    Request Owner's contact information
    92 Monticello Ave, Unit JC Downtown JC Jersey City, NJ 07304
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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
    92 Monticello Ave, Unit JC Downtown JC Jersey City, NJ 07304
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