# 198 Academy St, Jersey City

Vacant land · built 2019 · Block 12301, Lot 2.

On Umarelli: https://umarelli.org/jersey-city/12301/2/198-academy-st

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

## Building permits

- Alteration, issued Nov 13, 2018, described as “Installation of 2 Traction (ELT10) (MRL) Elevator Devices.”
- Alteration, issued Aug 22, 2016, described as “New six story 69 unit building”

## Property taxes

- Assessment: $23,095,700
- 2025 tax: $88,613
- Assessed land: $23,095,700
- Last sale: $1,140,000 in 2015

## Tax breaks

- PILOT for market-rate housing, through Apr 30, 2044, $365,167 a year below the full tax.

## Zoning

Journal Square 2060 Redevelopment Plan, Zone 4 - Neighborhood Mixed Use.

## Flood zone

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

## Board and land use applications

- Planning Board case P2025-0249: Site Plan Extension, Approved, applied Nov 14, 2025. Extension of the Preliminary and Final Major Site Plan approval and deviations approval pursuant to N.J.S.A. 40:55D-(c) (rear yard setback; minimum 1st floor ceiling height for non-residential use in buildings 13 stories or more) obtained…
- 198 Academy Street (case P20-155): Approved 2021, 223 units, 18 stories, 198 feet tall, 860 sq ft retail, 28,950 sq ft office

## In the news

[Jersey City Approves 18-Story Development at 198 Academy Street](https://jerseydigs.com/jersey-city-approves-18-story-development-at-198-academy-street/), Jersey Digs, Feb 26, 2021.

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