Question re: Jersey City “Heights”

[Bryan McNulty]

Hoping for some advice. I’m looking at purchasing an old single family house on a 25x100 property with 25’ of frontage on Summit Ave. in Jersey City’s Heights neighborhood. It’s in an area that was recently rezoned for mixed commercial/residential, so I’m thinking it is a tear down with good rebuild potential. I’m not sure if I would rebuild myself or just try to resell to an interested builder. With the new zoning and possible tear down, I’m having a little trouble valuing the property. Can anyone give me some tips on the area and coming up with a number based on those factors?