As the second-largest community in New Jersey, Jersey City is popular for its proximity to the ocean and New York City. Given the area’s history as a popular starting place for immigrants who passed through Ellis Island, Jersey City prides itself on its multicultural identity and encourages tourists, new residents, and potential buyers of homes for sale in Jersey City to try the wealth of international culinary options. The Jersey City Food Tours in Downtown and the Heights are great ways to start experiencing the wide range of cuisine. Jersey City is also well-known for the Liberty Science Center, proximity to the Statue of Liberty, local parks, the Artist & Maker Market, and much more. If this sounds like the right area for you, read on for information on new construction homes for sale in Jersey City.
Why you should consider new construction in Jersey City
Considerations when buying new construction
When considering new construction, buyers should be clear on the types of homes for sale in Jersey City they want to investigate. The main benefit of new construction homes is that they should not require any immediate upgrades or repairs, which may be needed with older properties. Buyers of new construction also enjoy the ability to customize the property if it’s still in the design and construction stages, with the opportunity for upgrades and personal design input. New construction is also usually more energy-efficient, and buyers can be assured their new property is fully up to the latest codes in terms of construction, rather than having to do any repairs to bring things up to code.
Consider ROI based on market trends
As a real estate investor, you're always looking for the best way to make your money work for you. When it comes to making a smart investment, nothing is more important than understanding the market trends in your area. By knowing what's happening in the market, you can adjust your strategy to make sure you're getting the most return on your investment. Here, we'll take a look at how to calculate ROI based on market trends so that you can stay ahead of the competition! Based on January 2022 data pulled on February 3, 2022, homes for sale in Jersey City show an upward trend in median listing price over the past five years, from $350,000 in March 2017 to $655,000 in January 2022, which is a massive $305,000 increase in the median listing price, or a 1.9% increase over five short years. Given this consistent upward trend, buyers can expect a positive return on investment when holding the property for at least five years.
New constructions available in Jersey City
28 Cliff Street
Image courtesy of The Sutherlin Group
Buyers interested in condo homes for sale in Jersey City should check out the property at 28 Cliff Street, which is a duplex with a one-car garage and a tandem spot. Both Unit 1 and Unit 2 have three bedrooms and two baths, with notable features including the kitchen’s stainless steel appliances and the island, which is perfect for serving as a breakfast bar (also known as a waterfall island). Unit 1 enjoys access to a wet bar and an extra half-bath on the ground floor, as well as access to the backyard. Unit 2 has a top-floor terrace with a stunning view of the neighborhood. Buyers will appreciate the hardwood floors, in-unit washer and dryer, and the LED lighting around the bathroom mirrors. Check out Unit 1 and Unit 2 for photos and up-to-date purchase information. You can also reach out to The Sutherlin Group for assistance with the buying process, including a tour of the units.
99 Hudson Street
Image courtesy of 99 Hudson
For buyers who prefer skyscraper homes for sale in Jersey City, 99 Hudson offers condominiums within a 79-story tall building constructed in 2019, the tallest residential property in Jersey City. With 781 total units, 99 Hudson has less than 30 available as of February 2022. The condos have phenomenal views of New York City, given the building’s position on the waterfront of the Hudson River. Key apartment features include floor-to-ceiling windows, oak flooring, stone countertops imported from Italy, sleek kitchens with waterfall islands, and walk-in showers with rainwater showerheads. Residents have access to many amenities, including a lobby with concierge services and a 24-hour doorman, a business center, a children’s playroom, a demonstration kitchen and grilling spaces, a fitness center, a lounge, a spa, and a swimming pool. If 99 Hudson sounds like the right property for you, reach out to The Sutherlin Group for assistance with the buying process, including a tour of available units.
27 Leonard Street
Image courtesy of The Sutherlin Group
When looking at homes for sale in Jersey City, consider 27 Leonard Street, a duplex that has been newly constructed with both units available for purchase. The units are 1700 and 1300 square feet, respectively, with three bedrooms and at least two bathrooms each. Each unit has a one-car garage. Unit 1 has a fenced private backyard with plenty of room for hosting outdoor dinner parties, while Unit 2 has a rooftop deck perfect for entertaining with stunning views of the neighborhood. These new construction properties come with Bertazzoni appliances and quartz counters in the kitchen, stunning frameless showers in the full bathrooms, Andersen windows, energy-efficient insulation, and sound dampening between floors. Check out Unit 1 and Unit 2 for photos and up-to-date purchase information. You can reach out to The Sutherlin Group for assistance with the buying process, including a tour of the units.