You Won’t Believe Who Bought Jersey City’s $5 Million Mansion—#3 Will Shock You!

A luxurious single-family residence located at 240 Second Street in Jersey City has recently topped the area's real estate sales, fetching an impressive $2.6 million. This sale was part of a busy week in Jersey City's residential market, which recorded a total of 101 sales averaging $941,612 or $584 per square foot.

While the $2.6 million home stands out, it's worth noting that the prices listed are based on titles recorded during the week of December 1, regardless of when the properties were actually sold. Let’s delve into some of the notable transactions from this bustling week.

Top Residential Sales in Jersey City

The number ten spot on the list is a condominium at 50 Constitution Way, selling for $1.2 million. Built in 2005, this 2-bedroom unit spans 2,141 square feet, with a price per square foot of $555.

Next up is a single-family home at 1 Shore Lane APT2511, which sold for $1,215,000. Constructed in 2008, it features 1,270 square feet of living space and also includes 2 bedrooms, resulting in a price per square foot of $957.

Another notable sale is a condominium located at 48 W. Hamilton Place #3, which went for $1,225,000. This historic building was built in 1920 and offers 1,300 square feet of space with three bedrooms, equating to $942 per square foot.

A charming single-family house at 75 Erie Street, built in 1837, was sold for $1,228,000. This 1,320-square-foot property features two bedrooms and a price per square foot of $930.

Moving on to a more contemporary offering, the single-family house at 20 Newport Parkway APT1707 sold for $1,335,000. Built in 2007, this property has 1,335 square feet of living space and a price per square foot of $1,000.

Another noteworthy sale is at 295 Webster Ave., which sold for $1,375,000. Spanning 1,248 square feet and built in 1895, this home features three bedrooms and commands a price of $1,102 per square foot.

Also making the list is a condominium at 661 Jersey Ave. APT3, which fetched $1,407,000. This property, built in 1887, includes 1,400 square feet of space and is priced at $1,005 per square foot.

In the luxury segment, a condominium at 99 Hudson Street UNIT2406 sold for $1,615,000. Constructed in 2020, this property has 1,285 square feet of living area at a price of $1,257 per square foot.

A more extravagant offering, the condominium at 299 Pavonia Ave. APT108, reached a sale price of $1,925,000. Built in 1890 and featuring 1,825 square feet, this unit has a price per square foot of $1,055.

This week’s robust sales numbers reflect a strong demand for residential properties in Jersey City, driven by its proximity to New York City and ongoing urban development. As the real estate market continues to thrive in the area, prospective buyers and sellers alike are keenly watching these trends, offering insights into where the market may be headed.