Listing Details

40 Spruce St,Jersey City, NJ 07306-3521

  • September 4, 2025
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Description

Location. Location. Location. Welcome to a rare opportunity to acquire two adjacent lots at 40 and 42 Spruce Street, ideally situated in the highly sought-after Heights section of Jersey City. This offering presents an exceptional chance for developers and investors to capitalize on the robust growth and demand for housing in this vibrant urban landscape. Located in the desirable “Sparrow Hill” section of Jersey City Heights, these adjacent lots, if combined, offer investors the potential for up to twelve (12) dwelling units.

Details

Last Updated On: September 4th, 2025 at 12:08 pm
Property ID:PT-1473720-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 1,600,000 $
Bedrooms:4
Year Built:1905

Additional Details

Listing Details

Status: Active

Location

County: Hudson
Lotsize: 25X100
Lot Identifier: 32
Lot Identifier: 32

Home Details

Open Parking: 2
Basement: Yes
Basmnt/Desc: Yes - Unfinished
Acreage: 0.06
Total Baths: 2.00
Unit Style: 2-Two Story, Fixer Upper
Number of Units: 2
Rooms: 10
Easement/Desc: Unknown
Exterior Description: Brick
Roof Description: Asphalt Shingle
Possesion: POT
Unit 1 Levels: 1
Unit 1 Rooms: 5
Unit 1 Beds: 2
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Unit 1 Handicap: No
Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
Unit 2 Levels: 1
Unit 2 Rooms: 5
Unit 2 Beds: 2
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Unit 2 Handicap: No
Unit 2 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
Garage Description: Detached Garage
Block Identifier: 5401
County Number: 18
Town Number: 1806
YB/Desc: 1905 - Approximate
Easement: Unknown
Parking/Driveway Description: 1 Car Width
Block Identifier: 5401
County Number: 18
Town Number: 1806
Possession: POT

Taxes, Fees & Assessments

Gross Operating Income: 9999
Net Operating Income: 9999
Tax ID For Property: 1806-05401-0000-00032-0000-
Tax Amount: $8,791.00
Tax Year: 2024
Tax Rate: 2.233%
Tax Rate Year: 2024
Land Assessment: $200,000.00
Building Assessment: $193,700.00
Total Assessment: $393,700.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: 2 Units
Cool System: None
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Statistics

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