# 550 Newark Ave, Jersey City

Commercial · built 1992 · Block 8206, Lot 24.

On Umarelli: https://umarelli.org/jersey-city/8206/24/550-newark-ave

More construction in St. Joseph's: https://umarelli.org/jersey-city/journal-square/st-josephs.md

Every lot on block 8206: https://umarelli.org/jersey-city/8206.md

## Building permits

- Alteration, issued May 21, 2020, described as “Upgrade existing telecommunications facility”
- Alteration, issued Jan 22, 2019, described as “Upgrade existing telecommunications facility Replace 1 existing equipment cabinet, 3 existing panel antennas and 3 new RRU's mounted on existing building rooftop”
- Alteration, issued Oct 15, 2016, described as “Alarm install”
- Alteration, issued Oct 21, 2014, described as “Replace 2 gas fires hot water heating boilers”
- Alteration, issued Dec 12, 2012, described as “(2) shunt trip circuit breakers (1) automatic transfer switch (1) manual transfer switch”
- Alteration, issued May 16, 2012, described as “Replace 2 obsolete controllers with like controllers, replace door equipment with new”

## Property taxes

- Assessment: $10,097,700
- 2025 tax: $324,331
- Assessed land: $3,063,900
- Assessed improvements: $7,033,800
- Condo units with their own tax lots: 31

## Zoning

R-1 (Neighborhood Housing).

## Recent sales

- Mar 31, 2022: $525,000, Unit 0305, 1,350 sq ft, sold with other lots
- Jun 25, 2021: $300,000, Unit 0408, 1,390 sq ft, sold with other lots
- May 1, 2020: $336,000, Unit 0408, 1,390 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