# 124 Terrace Ave, Jersey City

Condominium · 2 units · built 2022 · Block 2503, Lot 5.02.

On Umarelli: https://umarelli.org/jersey-city/2503/5.02/124-terrace-ave

More construction in Western Slope: https://umarelli.org/jersey-city/heights/western-slope.md

## Building permits

- New — Residential, issued Mar 23, 2021, estimated cost $248K, 2 units, 3 stories
- New construction, issued Mar 23, 2021, 2 units, 3 stories, described as “New two family house”
- Alteration — Residential, issued Mar 18, 2021, estimated cost $6K
- Alteration, issued Mar 18, 2021, described as “1- 4"' sewer connection and 1-1" water connection”
- Alteration, issued Dec 11, 2020, described as “Demo of structure”
- Alteration, issued Jul 1, 2020, described as “Cap 4" sewer”

## Property taxes

- Assessment: $932,300
- 2022 tax: $27,759
- Assessed land: $429,400
- Assessed improvements: $718,900
- Exemptions and abatements: $216,000
- Condo units with their own tax lots: 2

## Zoning

R-1 (Neighborhood Housing).

## Flood zone

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

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