162 Summit Ave
Listing Notes
Rare development opportunity at 162 Summit Ave, Jersey City! Located in a prime Jersey City neighborhood, this lot is development-ready and offers immediate potential to build quality housing. The existing property is approximately 1,500 sq ft and currently configured as a 4-bedroom, 1-bath home, offering potential for redevelopment or renovation. Key features include approved plans to build 3 condos or a 3-family home, with the possibility to add a 4th unit. Perfect for new construction, this property provides an excellent opportunity to capitalize on a sought-after area and bring a development project to life. Investors and developers will appreciate the ready-to-build status and approved plans, making this a turnkey opportunity in the competitive Jersey City market. Conveniently located near the bustling Journal Square area, just a 10-15 minute walk to the PATH train station, along with restaurants, cafes, bus routes, and more.
Price in context
Cheaper than 58% of the 24 homes listed nearby right now, which run $385,000 to $799,777.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 4 Beacon Way Apt 1511 | $385,000 | 1 bd · 1 ba |
| 4 Beacon Way Apt 211 | $385,000 | 1 bd · 1 ba |
| 35 Orchard St Unit 602 | $455,000 | 1 bd · 1 ba |
| 35 Orchard St Unit 603 | $460,000 | 1 bd · 1 ba |
| 35 Orchard St Unit 702 | $465,000 | 1 bd · 1 ba |
| 105 Storms Ave Unit 3 | $489,000 | 3 bd · 2 ba |
| 4 Beacon Way Apt 1404 | $520,000 | 2 bd · 2 ba |
| 4 Beacon Way Unit 409 | $520,000 | 2 bd · 2 ba |
| 20 Storms Ave Apt 2 | $560,000 | 3 bd · 2 ba |
| 4 Beacon Way Apt 805 | $565,000 | 2 bd · 2 ba |
| 9 Howard Pl | $599,000 | 4 bd · 2 ba |
| 103 Crescent Ave | $599,000 | 3 bd · 2 ba |
| 4 Beacon Way Apt 1409 | $599,900 | 2 bd · 2 ba |
| 62 Gardner Ave Unit 2 | $615,000 | 3 bd · 2 ba |
| 211 Summit Ave Unit 3 | $645,000 | 3 bd · 2 ba |
| 35 Orchard St Unit 802 | $649,000 | 2 bd · 2 ba |
| 35 Orchard St Unit 803 | $649,000 | 2 bd · 2 ba |
| 133 Clifton Pl Unit 2 | $665,000 | 3 bd · 2 ba |
| 133 Clifton Pl Unit 3 | $689,000 | 3 bd · 3 ba |
| 6 Baldwin Ave | $699,000 | 3 bd · 3 ba |
| 62 Gardner Ave Unit 3 | $725,000 | 3 bd · 2 ba |
| 69 Jewett Ave | $750,000 | 7 bd · 3 ba |
| 11 Crawford St | $799,000 | 4 bd · 3 ba |
| 97 Clifton Pl | $799,777 | — |
Where it is
For sale Coming soon Recently sold— zoom out for more