# 320 Terrace Ave, Jersey City

Condominium · 2 units · built 2021 · Block 602, Lot 16.

On Umarelli: https://umarelli.org/jersey-city/602/16/320-terrace-ave

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

## Building permits

- New — Residential, issued Mar 26, 2021, estimated cost $288K, 2 units, 3 stories
- Demolition — Residential, issued Apr 18, 2018, estimated cost $10K
- Alteration, issued Jan 19, 2018, described as “Sewer cap 4''”

## Property taxes

- Assessment: $929,800
- 2021 tax: $5,155
- Assessed land: $436,900
- Assessed improvements: $704,200
- Exemptions and abatements: $211,300
- Condo units with their own tax lots: 2

## Zoning

R-1 (Neighborhood Housing).

## Recent sales

- May 20, 2025: $760,000, Unit 0002, 1,528 sq ft ($497 per sq ft)
- Mar 29, 2022: $780,000, Unit 0001, 3,530 sq ft, sold with other lots
- Mar 2, 2022: $750,000, Unit 0002, 3,530 sq ft, 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.

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