$4,500,000

216 Palisade Ave Jersey City, NJ 07306

Land

Property details

About 216 Palisade Ave

Fully approved 10-story senior housing (62 or Older) new development opportunity at 216 Palisade Avenue, Jersey City. Approved plans feature 51 units (6 studios, 43 one-bedroom, 2 three-bedroom), a Resident Gym, Rooftop Deck, and 11-space Parking Garage. Prime location along Palisade Avenue with easy access to retail and public transportation. "No Rent or Condominium Price Restrictions". Government Grants available such as CDBG, HOME and AHTF, by the housing and Urban Development, offering up-to 50% construction costs. Several banks offering low interest construction loans for underserved communities. Approved Land with Resolution, ready for immediate construction financing and development.

Highlights

Home typeOther
StatusActive
(ACTIVE)
MLS #240021623

Summary

  • MLS Number: 240021623
  • MLS Name: HudsonCountyNJ
  • Office Name: EXP REALTY LLC
  • Office Phone: (866) 201-6210

IDXThe data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 9:15:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$4,500,000

216 Palisade Ave

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Price information

Property sales

DateEventPrice
Nov 19, 2018
Home Sold
$1,400,000
Apr 03, 2003
Home Sold
$440,000

Tax history

YearAssessmentProperty Tax
2024$1,250,000$28,087
2022$1,360,200$19,535
2021$1,217,900$19,535
2020$1,217,900$18,755
2019$1,217,900$18,122

History based on county public records data.

Nearby schools

7

Jotham W. Wakeman School

Public District PK-5

0.3 mi

100 Saint Pauls Ave

3

Patricia M. Noonan Elementary School

Public District PK-5

0.4 mi

164 Laidlaw Ave

5

Charles E. Trefurt Elementary School

Public District PK-5

0.4 mi

96 Franklin St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $51,354. Residents of Jersey City, NJ typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

27%
<35k
49%
35k-100k
12%
100k-200k
12%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

43%
Single, No Kids
17%
Single, with Kids
21%
Married, No Kids
19%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
8%
12-17 yrs old
33%
18-34 yrs old
36%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • Major League Soccer (MLS)Major League Soccer (MLS)
  • TennisTennis
  • Art MuseumsArt Museums

Where do the neighbors shop?

  • Banana RepublicBanana Republic
  • Crate & BarrelCrate & Barrel
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • StarbucksStarbucks
  • ChipotleChipotle

What do the neighbors drive?

  • ToyotaToyota
  • BMWBMW
  • AudiAudi

What do the neighbors listen to?

  • JazzJazz
  • NewsNews
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 216 Palisade Ave

This home is located at 216 Palisade Ave in Jersey City, NJ and zip code 07306 in the The Heights neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $4,500,000.

Over 29 listings were sold over their listed price in January 2025 in Jersey City, NJ. In the same period over 58 listings were sold below the listed price and 16 listings were sold for the listed price. Between December and January 2025, Jersey City, NJ real estate market has seen increase in the number of listings by 12.9%. In January 2025 median list price was $710,888 and the average listing age was 41 days.

From Rocket Homes Real Estate and based on county public records data.

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