687 Ocean Ave, Jersey City
Apartment building · 42 units · built 2022 · Block 21201, Lot 9.01.
Building permits
- New — Multi-Family, issued Nov 1, 2019, estimated cost $9.9M, 42 units, 5 stories
- New — Multi-Family, issued Oct 5, 2018, estimated cost $1.0M, 42 units, 5 stories
- Alteration, issued Mar 11, 2020, described as “New installation of 1 hydralic elevator”
- Alteration, issued Sep 26, 2019, described as “Remove 1-4000 Gal. UST”
Property taxes
- Assessment
- $1,470,000
- 2025 tax
- $34,325
- Assessed land
- $1,470,000
- Last sale
- $655,500 in 2019
Tax breaks
- PILOT for mixed-income housing, through Nov 30, 2051, $128,079 a year below the full tax.
Zoning
Jackson Hill Redevelopment Plan, Neighborhood Mixed Use.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- 683 Ocean Avenue: Completed, 42 units, 18 affordable, 5 stories, 15 parking spaces