# 418 M.L. King Drive, Jersey City

Condominium · 15 units · built 2005 · Block 21305, Lot 38.

On Umarelli: https://umarelli.org/jersey-city/21305/38/418-m-l-king-drive

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

## 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.

## 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.

## Flood zone

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

## Board and land use applications

- 418 Martin Luther King Drive: Completed, 15 units, 4 stories, 18 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