# 687 Ocean Ave, Jersey City

Apartment building · 42 units · built 2022 · Block 21201, Lot 9.01.

On Umarelli: https://umarelli.org/jersey-city/21201/9.01/687-ocean-ave

More construction in Jackson Hill (Bergen-Lafayette): https://umarelli.org/jersey-city/bergen-lafayette/jackson-hill.md

## 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

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