# 407 First Street, Jersey City

Condominium · 2 units · built 2005 · Block 12603, Lot 1.

On Umarelli: https://umarelli.org/jersey-city/12603/1/407-first-street

More construction in The Village: https://umarelli.org/jersey-city/downtown/the-village.md

Every lot on block 12603: https://umarelli.org/jersey-city/12603.md

## Building permits

- Alteration — Residential, issued Aug 29, 2018, estimated cost $6K

## Property taxes

- Assessment: $1,785,000
- 2025 tax: $41,682
- Assessed land: $375,000
- Assessed improvements: $1,410,000
- Condo units with their own tax lots: 7

## Zoning

RC-3 (Residential Commercial District 3).

## Recent sales

- Mar 24, 2023: $292,797, Unit 0004, sold with other lots
- Feb 27, 2023: $125,000, Unit 0004, sold with other lots
- Jun 3, 2021: $749,000, Unit 0006, 1,200 sq ft, sold with other lots
- Nov 26, 2019: $760,000, Unit 0007, 1,200 sq ft, sold with other lots

Open-market sales since mid-2019, from the state’s SR1A sales file.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard. FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).

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