# 425 Summit Ave, Jersey City

Mixed use · 390 units · built 2024 · Block 10704, Lot 2.01.

On Umarelli: https://umarelli.org/jersey-city/10704/2.01/425-summit-ave

More construction in Journal Square: https://umarelli.org/jersey-city/journal-square/journal-square.md

## Building permits

- New — Multi-Family, issued Apr 8, 2022, estimated cost $57.0M, 390 units, 26 stories
- New — Multi-Family, issued Oct 14, 2021, estimated cost $1.8M, 390 units, 26 stories
- New construction, issued Sep 8, 2021, 390 units, 26 stories, described as “Install one 800 amp temp service and one 4OO amp temp service for new construction.”
- Alteration, issued Mar 9, 2026, estimated cost $185K, described as “Intererior fit out vanilla box-for commercial tenant space (wine dad's) total cost of construction$ 201,585”
- Alteration, issued Jun 24, 2024, estimated cost $500, described as “Update 2022 1175”
- Alteration, issued Nov 22, 2023, estimated cost $777K, described as “Update to Fire alarm permit 20221175”
- Major renovation, issued Sep 20, 2023, estimated cost $1.1M, 27 stories, described as “Sprinklers for new multi-unit high rise”
- Alteration, issued Sep 20, 2023, 4 units in all, described as “Administrative amendment P21-140 Approved 3.15.22”
- Alteration, issued Sep 20, 2023, described as “Administrative amendment P22-120 Approved 9.20.22 Relocation of underground transformer banks”
- Alteration — Multi-Family, issued Mar 24, 2023, estimated cost $9K
- Alteration — Multi-Family, issued Oct 28, 2022, estimated cost $21K
- Major renovation — Residential, issued Jun 30, 2022, estimated cost $1.6M
- Alteration — Commercial, issued Mar 30, 2022, estimated cost $20K
- Alteration — Multi-Family, issued Jan 6, 2022, estimated cost $3K

## Property taxes

- Assessment: $118,404,300
- 2025 tax: $2,764,740
- Assessed land: $21,547,300
- Assessed improvements: $96,857,000
- Last sale: $22,500,000 in 2019

## Zoning

Journal Square 2060 Redevelopment Plan, Zone 3 - Commercial Center.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Board and land use applications

- 415-435 Summit Avenue (case P21-140): Completed, 390 units, 26 stories, 275 feet tall, 4,434 sq ft retail, 51 parking spaces

## In the news

[390-Unit Journal Square Tower Secures $109.5 Million Financing](https://jerseydigs.com/390-unit-journal-square-tower-secures-109-5-million-financing/), Jersey Digs, Aug 20, 2026.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology