418 M.L. King Drive, Jersey City
Condominium · 15 units · built 2005 · Block 21305, Lot 38.
Building permits
- Alteration, issued Mar 6, 2024, estimated cost $799, described as “R/r 1 wh”
- Alteration — Multi-Family, issued Jan 18, 2023, estimated cost $2K
- Alteration — Multi-Family, issued Jun 15, 2022, estimated cost $20K
- Alteration — Multi-Family, issued Jun 6, 2022, estimated cost $2K
- Alteration — Multi-Family, issued Sep 19, 2019, estimated cost $2K
- Alteration, issued Apr 1, 2014, described as “Install 3 new ant, 3 new RRH and 3 new hybrid cables”
- Alteration, issued Jun 14, 2013, described as “28-lighting fixt. 45- recep. 28- switches.”
Property taxes
- Assessment
- $611,400
- 2025 tax
- $28,069
- Assessed land
- $611,400
- Condo units with their own tax lots
- 16
Tax breaks
- PILOT for affordable housing, through Jul 21, 2035, $48,535 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.
Recent sales
- Sep 4, 2024: $226,000, Unit 0306, 910 sq ft, sold with other lots
- Jun 16, 2023: $136,000, Unit 0401, sold with other lots
- Apr 1, 2021: $89,900, Unit 0302, sold with other lots
- Dec 26, 2019: $149,900, Unit 0204, sold with other lots
Open-market sales since mid-2019, from the state’s SR1A sales file.
Board and land use applications
- 418 Martin Luther King Drive: Completed, 15 units, 4 stories, 18 parking spaces