new - 2 days on rocket

118 Lexington Ave, Jersey City, NJ, 07304

$1,749,999

Land

Location

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Property Highlights

Home TypeOther
MLS #250000071
StatusActive
(ACTIVE)

About 118 Lexington Ave

PACKAGE DEAL FOR A TOTAL OF 4 LOTS: 118-120-124-124A Lexington Ave, Jersey City, NJ. This unique property package includes three single-family homes and two adjacent vacant lots, each measuring 26'x99'. Together, the two vacant lots total 102x99'. Situated in a highly desirable West Bergen area of Jersey City, the properties are located directly across from a public library and just 50 feet from West Side Avenue, a bustling commercial street. Public transportation, supermarkets, specialty stores, fine dining, medical offices, and pharmacies are all within a three-minute walk, while Lincoln Park, offering a wide range of sports and recreational activities, is only two blocks away. The first property, 118 Lexington Avenue, is a spacious mother-daughter home featuring five bedrooms and 2.5 bathrooms. The finished basement includes a bedroom with ample closet space, a kitchenette, and a full bathroom, accessible via a private alleyway door. The home boasts newer insulated windows, a modern kitchen with access to the back deck and yard, and rosewood parquet flooring in the living and dining rooms. Additional features include recessed lighting with dimmers, upgraded closets in the master bedroom, and an enhanced second-floor bathroom. The property also offers a two-car driveway, a backyard with a concrete slab for barbecues and recreation, and a rear deck with lighting. Appliances such as two refrigerators, a washer, and a dryer are included. At 120 Lexington Avenue, you will find a double lot measuring 52’x99’. This fenced property includes an 18-foot commercial-grade sliding gate and provides parking for up to 22 cars, making it an excellent option for residential or commercial use. 124 Lexington Avenue is a single-family brick home with high ceilings. The first floor features a living room, dining room, and kitchen with access to the backyard. The second floor includes three bedrooms, a full bathroom, and a skylight above the staircase. The home also has a high-ceiling, unfinished basement. 124A Lexington Avenue mirrors the layout of 124 Lexington Avenue, with a high-ceiling unfinished basement that includes a 3/4 bathroom with a shower stall, sink, and toilet. All homes in this package will be delivered vacant at closing, providing a rare opportunity for investment or redevelopment in a thriving Jersey City neighborhood.

Property Details

Property Features

Listing Office:

  • Office Name: PROMINENT PROPERTIES SOTHEBYS INTERNATIONAL REALTY
  • Office Phone: (201) 333-7717

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  • Virtual Tour: 118 Lexington Ave
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Price Information

Listing Price Info

Price Summary:

  • List Price: $1,749,999

Tax Information:

  • Annual Amount: $2,792
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Jersey City, NJ.

Med. Sold Price

$711.4K

Med. Price/SqFt

$619

Avg. Days On Market

39

# of Sold Homes

127

118 Lexington Ave vs Jersey City

2 DAYS ON ROCKET

-37 Days

$1,749,999

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in Jersey City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HudsonCountyNJ
  • MLS Number: #250000071

Listing Office:

  • Office Name: PROMINENT PROPERTIES SOTHEBYS INTERNATIONAL REALTY
  • Office Phone: (201) 333-7717

IDXThe data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/5/2025, 4:16:03 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 27, 2018Home Sold
$262,000
Jan 24, 2006Home Sold
$330,000
Oct 01, 2002Home Sold
$183,500
Oct 11, 1991Home Sold
$105,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,792$289,300
2019$4,304$289,300
2018$1,333$89,600
2017$6,989$89,600

History based on county public records data.

Payment Calculator

$8,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-523729
3
/10
  • Dr. Paul Rafalides School

  • 362 Union St

  • 0.15 miles

  • Public District Grades PK-5

school-card-donut-523730
5
/10
  • Empowerment Academy Charter School

  • 240 Ege Ave

  • 0.32 miles

  • Public Charter Grades KG-6

school-card-donut-523731
5
/10
  • Julia A. Barnes School

  • 91 Astor Pl

  • 0.61 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,088. Residents of Jersey City, NJ typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 118 Lexington Ave

What is the listing price of this property?

The listing price of 118 Lexington Ave property is $1,749,999.

What type of property is this?

The property 118 Lexington Ave is land located in Jersey City, New Jersey, 07304.

Is this property for sale now?

Active Listing: 118 Lexington Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,792 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 27, 2018 for $262,000. (source: MLS/tax record).
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Rocket HomesNew JerseyHudson CountyJersey City07304118 Lexington Ave

This home is located at 118 Lexington Ave in Jersey City, NJ and zip code 07304 in the West Side neighborhood. It has been listed on Rocket Homes since January 02, 2025 and is currently priced at $1,749,999.

Jersey City, NJ housing market in December 2024 saw over 37 listings sold above listed price, more than 16 sold at listed price and over 56 sold below. The inventory of homes for sale in Jersey City, NJ between November 2024 and December 2024 decreased by 7.4%. Listings spent 39 days on the market in December 2024, and had a median list price of $711,431 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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