243 Montgomery Street

Jersey City, NJ 07302

$2,799,999
Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Exceptional Investment Opportunity in Historic Downtown Jersey City. This 4-Family Brick Row House with Condo Conversion Potential is a great addition to your portfolio. Perfectly positioned on a 25x100 lot in the heart of historic Downtown Jersey City. This property combines architectural charm with robust income potential and offers a unique opportunity for a lucrative condo conversion by adding an extension to the existing structure or doing a simple condo conversion after a few simple updates....Exceptional Investment Opportunity in Historic Downtown Jersey City. This 4-Family Brick Row House with Condo Conversion Potential is a great addition to your portfolio. Perfectly positioned on a 25x100 lot in the heart of historic Downtown Jersey City. This property combines architectural charm with robust income potential and offers a unique opportunity for a lucrative condo conversion by adding an extension to the existing structure or doing a simple condo conversion after a few simple updates. The timeless appeal is elegantly dispersed through the historic elements of the home, in the crown moldings, huge arching windows, marble fireplaces, brick walls, and original hardwood flooring. Each floor is laid out optimally: Spacious, modern units designed for comfort and convenience. The huge yard creates an exclusive private backyard oasis for relaxation and entertainment. Additionally this home offers expansion potential on all floors. Ample lot size allows for an extension, ideal for a condo conversion project to maximize value. Or for someone looking to live in the property and build it out in the future. Nestled in a picturesque historic district, less than a block to Van Vorst Park, in excellent proximity to PATH trains, enhancing tenant appeal and ensuring steady rental demand. This is a great opportunity to secure a significant asset in a high-demand area known for its growth and accessibility.
  1. Listed by LEVI REZAI • PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY

Property Details for 243 Montgomery Street

Architectural Style
Brownstone
Type Of Parking
None
Area
JC, Downtown
Heating & Cooling
A/C Window, Radiators

Location

Listing Courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY, LEVI REZAI
Add your commute
LISTING UPDATED: 05/01/2024 05:42 PM

Property Details for 243 Montgomery Street

StatusActive
MLS #240007420
Days on Market13
Taxes$29,652 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type3-4 FAMILY / 4 Family
Year Built-
Lot Size0.06 AC / 2,500 SF
CountyHudson County

Location

Listing Courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY, LEVI REZAI
Add your commute

Building Information for 243 Montgomery Street

Stories-Residences-Year Built-Building Size-Lot Size0.06 AC / 2,500 SF

Payment Calculator

$17,752 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

$2,471

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 243 Montgomery Street

Summary
Location and General Information
  • Address: 243 MONTGOMERY ST
  • Address Number: 243
  • Address Search Number: 243
  • Between: Grove St & Barrow St
  • Section: Downtown
  • Street Name: MONTGOMERY ST
  • City Name: JC, Downtown
  • County Or Parish: Hudson
Taxes and HOA Information
  • LVT Date: 04-22-2024
  • Tax Year: 2022
  • Taxes: $29,652
Property
Lot Information
  • Block: 14101
  • Lot: 00004
  • Lot Dimensions: 25x100
Property and Assessments
  • Associated Document Count: 8
  • Charge: Y
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
Interior Features
  • Basement Description: Partial Finish, Walk-Out
  • Basement Other: 1
  • Fl1 Rooms: 5
  • Fl2 Rooms: 5
  • Fl3 Rooms: 5
  • Fl4 Rooms: 5
  • Floor 1 Bedrooms: 2
  • Floor 1 Dining Rooms: 1
  • Floor 1 Full Baths: 1
  • Floor 1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor 2 Bedrooms: 2
  • Floor 2 Dining Room: 1
  • Floor 2 Full Baths: 1
  • Floor 2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 3 Bedrooms: 2
  • Floor 3 Dining Rooms: 1
  • Floor 3 Full Baths: 1
  • Floor 3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Floor 4 Bedrooms: 2
  • Floor 4 Dining Rooms: 1
  • Floor 4 Full Baths: 1
  • Floor 4 Kitchens: 1
  • Floor 4 Living Rooms: 1
  • Total Dining Rooms: 4
  • Total Kitchens: 4
  • Total Living Rooms: 4
  • Total Other Rooms: 1
  • Num of Baths: 4
  • Half Baths Total: 0
  • Full Baths Total: 4
  • Num Full Baths: 4
  • Num Half Baths: 0
  • Bedrooms Total: 8

Property History for 243 Montgomery Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 243 Montgomery Street

Taxable ValueLand$765,000Additions$635,000Total$1,400,000
Tax Record2022$29,652 ($2,471 / month)
Home Facts
Total Finished SqFt4,806 SqFtAbove Grade Finished SqFt4,806 SqFtStories4Lot Size2,500 SqFtStyleQuadraplexYear Built1842ZoningC-4CountyHUDSONAPN06 14101-0000-00004

Schools near 243 Montgomery Street

This home is within Jersey City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Frank R. Conwell No. 3 Elementary School
PublicPK to 5

Number 4 Middle School
Public6 to 8

Dr. Ronald Mc Nair Academy High School
Public9 to 12

William L. Dickinson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

243 Montgomery Street is a multi-family home for sale in Jersey City, NJ 07302. This property was listed for sale on April 22, 2024 by PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY, it's currently listed at $2,799,999. It has been on the market for a total of 13 days and was last sold on May 15, 2017. This listing's school district is Jersey City Public School District. Nearby schools include Frank R. Conwell No. 3 Elementary School, Number 4 Middle School and Dr. Ronald Mc Nair Academy High School. 243 Montgomery Street is a 8-bed, 4-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY, LEVI REZAI

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/05/2024 08:11 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.