The Costanza Read · how this price compares
$589,000
median ask for comparable lots in Jersey City is $1,500,000 · based on 23 active listings
At $589,000, this home is priced ~61% below the median for its class. On the numbers, it's priced to move.
Want the recent sold comps on this exact block too? Ask Andrew →
About this home
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.
The details
Property TypeLand
StatusActive · listed 98 days ago
List Price$589,000
LocationJersey City, NJ 07304
MLS #260005227
Estimate the monthly payment
—est. / month · principal & interest
Estimate only — property taxes, insurance, and any HOA are extra. Get a real pre-approval →
Living on Summit Ave
162 Summit Ave sits on Summit Ave in Jersey City. Journal Square, Downtown and the Heights each have their own distinct character. It's within reach of the PATH and the Hudson-Bergen Light Rail, putting Lower Manhattan and the Jersey City waterfront minutes away. The Holland Tunnel, Route 440 and the NJ Turnpike Extension keep the rest of the region close.
As a land in Jersey City, it's the kind of turnkey listing buyers watch for — and in this market, homes like this tend to move on the first weekend. If it fits what you're after, the smart move is to see it early.
162 Summit Ave, Jersey City
Good to know
Is 162 Summit Ave still available?
Yes — it's active on the Hudson County MLS (listed 98 days ago) at $589,000. Text Andrew Diaz at (551) 235-3473 to confirm and book a showing.
How do I see 162 Summit Ave in person?
Tap “Request a tour,” drop your name and number, and Andrew Diaz will text you back within minutes with showing times — including this weekend.
