288 Martin Luther King Drive

288 Martin Luther King Drive

Jersey City, NJ 07305

$779,000
Price
6
Beds
2
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

This expansive three unit, mixed-used, all-brick property boasts an impressive 2,700 sq ft spread across three floors. The ground level is zoned commercial, and used as a restaurant with a one year lease in place . The two residential units are vacant, have seperate utilities, and boasts three and a half bedrooms, one bathroom, living room, and eat-in-kitchen. Two year old roof and one new boiler offer convenience and low maintenance to the next owner. Situated in the Greenville Section of Jersey...This expansive three unit, mixed-used, all-brick property boasts an impressive 2,700 sq ft spread across three floors. The ground level is zoned commercial, and used as a restaurant with a one year lease in place . The two residential units are vacant, have seperate utilities, and boasts three and a half bedrooms, one bathroom, living room, and eat-in-kitchen. Two year old roof and one new boiler offer convenience and low maintenance to the next owner. Situated in the Greenville Section of Jersey City, this pre-historic row-building is sixty-six percent vacant, with endless up-side potential up to 7% cap-rate pro-forma. Approximately 20 minutes outside of lower Manhattan, New York, Downtown Jersey City, Newark Liberty Airport, Hoboken, and all major towns!
  1. Listed by GEORGE LLERENA • PROVIDENT LEGACY REAL ESTATE SERVICES LLC

Property Details for 288 Martin Luther King Drive

Architectural Style
Row House
Type Of Parking
None
Area
JC, Greenville
Heating & Cooling
Baseboard, Hot Water

Location

Listing Courtesy of PROVIDENT LEGACY REAL ESTATE SERVICES LLC, GEORGE LLERENA
Add your commute
LISTING UPDATED: 03/11/2024 01:05 PM

Property Details for 288 Martin Luther King Drive

StatusActive
MLS #240004021
Days on Market58
Taxes$10,432 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type3-4 FAMILY / 3 Family
Year Built-
Lot Size0.05 AC / 2,060 SF
CountyHudson County

Location

Listing Courtesy of PROVIDENT LEGACY REAL ESTATE SERVICES LLC, GEORGE LLERENA
Add your commute

Building Information for 288 Martin Luther King Drive

Stories-Residences-Year Built-Building Size-Lot Size0.05 AC / 2,060 SF

Payment Calculator

$5,121 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,251

Property Taxes

$869

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 288 Martin Luther King Drive

Summary
Location and General Information
  • Address: 288 MARTIN LUTHER KING JR DR
  • Address Number: 288
  • Address Search Number: 288
  • Between: Myrtle Avenue and Grant Avenue
  • Inclusions: Real Estate
  • Section: Greenville
  • Street Name: MARTIN LUTHER KING JR DR
  • City Name: JC, Greenville
  • County Or Parish: Hudson
Taxes and HOA Information
  • LVT Date: 03-04-2024
  • Tax Year: 2023
  • Taxes: $10,432
Property
Lot Information
  • Block: 23202
  • Lot: 00077
  • Lot Dimensions: 20 x 103
Property and Assessments
  • Associated Document Count: 1
  • Charge: Y
  • Exclusions: Personal Property
Utilities
  • Utility Expense Year: 1500
  • Water Sewer Expense: $2,500
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
Interior Features
  • Basement Description: None
  • Fl1 Rooms: 2
  • Fl2 Rooms: 5
  • Fl3 Rooms: 5
  • Fl4 Rooms: 0
  • Floor 1 Full Baths: 1
  • Floor 1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Other: 1
  • Floor 1 Rent: $2000 leas
  • Floor 2 Bedrooms: 3
  • Floor 2 Full Baths: 1
  • Floor 2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Other: 1
  • Floor 2 Rent: vacant
  • Floor 3 Bedrooms: 3
  • Floor 3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Floor 3 Other: 1
  • Floor 3 Rent: vacant
  • Total Dining Rooms: 0
  • Total Kitchens: 3
  • Total Living Rooms: 3
  • Total Other Rooms: 3
  • Num of Baths: 2
  • Half Baths Total: 0
  • Full Baths Total: 2
  • Num Full Baths: 2
  • Num Half Baths: 0
  • Bedrooms Total: 6
Multi Family
Multi-Family Information
  • Insurance Expense: $2,500
  • Other Expense: $800

Property History for 288 Martin Luther King Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 288 Martin Luther King Drive

Taxable ValueLand$102,300Additions$390,200Total$492,500
Tax Record2022$10,431 ($869 / month)
Home Facts
Stories3Lot Size2,060 SqFtStyleMiscellaneous CommercialYear Built1907CountyHUDSONAPN06 23202-0000-00077

Schools near 288 Martin Luther King Drive

This home is within Jersey City Public School District.
Rating
School
Type
Grades
Distance
Gladys Nunery School
Public - PK to 5
Center For The Arts
Public - PK to 8
Lincoln High School
Public - 9 to 12
Liberty High School
Public - 9 to 12
Rating
School
Distance
Gladys Nunery School
PublicPK to 5

Center For The Arts
PublicPK to 8

Lincoln High School
Public9 to 12

Liberty 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.

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More information about 288 Martin Luther King Drive, Jersey City, NJ 07305

288 Martin Luther King Drive is a multi-family home for sale in Jersey City, NJ 07305. This property was listed for sale on March 4, 2024 by PROVIDENT LEGACY REAL ESTATE SERVICES LLC, it's currently listed at $779,000. It has been on the market for a total of 58 days and was last sold on January 30, 2019. This listing's school district is Jersey City Public School District. Nearby schools include Gladys Nunery School, Center For The Arts and Lincoln High School. 288 Martin Luther King Drive is a 6-bed, 2-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 PROVIDENT LEGACY REAL ESTATE SERVICES LLC, GEORGE LLERENA

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 05/01/2024 11:04 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.