251 Newark Ave, Jersey City
Vacant land · built 2016 · Block 11110, Lot 5.
Building permits
- New construction, issued Oct 1, 2014, 5 stories, described as “Foundation only for new building install piles , pile caps, grade beams, slab on grade”
- Alteration — Retail, issued Jul 14, 2022, estimated cost $2K
- Alteration, issued Mar 19, 2021, described as “New 3 ph electric service 200 amp/retail space”
- Alteration, issued Nov 23, 2015, described as “Sidewalk shed”
- Alteration, issued Sep 9, 2015, described as “19 communication point”
- Alteration, issued Feb 18, 2015, described as “Adding temporary power to construction trailer”
- Alteration, issued Aug 22, 2014, described as “Demolition of One Commercial Building”
- Alteration, issued May 13, 2014, described as “1-550 gal. Ust removal”
- Alteration, issued Mar 31, 2014, described as “Sewer cap”
Property taxes
- Assessment
- $1,281,100
- 2025 tax
- $39,255
- Assessed land
- $1,281,100
- Condo units with their own tax lots
- 20
Tax breaks
- PILOT for market-rate housing, ended Oct 12, 2026, $166,569 a year below the full tax.
Zoning
Village Redevelopment Plan.
Flood zone
Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.
Recent sales
- Sep 4, 2024: $1,440,000, Unit 0501, 1,464 sq ft, sold with other lots
- Mar 5, 2024: $850,000, Unit 0304, 1,104 sq ft, sold with other lots
- Mar 25, 2022: $842,000, Unit 0203, sold with other lots
- Sep 24, 2021: $950,500, Unit 0301, sold with other lots
- Aug 4, 2021: $839,000, Unit 0403, sold with other lots
- Jul 16, 2021: $825,000, Unit 0105, sold with other lots
- Jun 29, 2021: $580,000, Unit 0404, sold with other lots
- Jun 8, 2021: $960,000, Unit 0401, sold with other lots
Open-market sales since mid-2019, from the state’s SR1A sales file.
Board and land use applications
- 251 Newark Avenue: Completed, 13 units, 1,200 sq ft retail, 8 parking spaces