Score
0Jersey City, NJ
1 Astor Pl
274K
5 beds
4 baths
2,352 sqft
5 bd • 4 ba • 2,352 sf
This analysis was generated on 1/29/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$273,827
Price/Sq.Ft
$116
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Low price per square foot: At $116.42 per square foot, the property is priced lower than many other homes in Jersey City. This makes it an attractive option for price-conscious buyers looking for a larger property.
• Large living space: With 2,352 square feet, the property offers a substantial living area. This is ideal for larger families or those who need extra space.
• High bedroom and bathroom count: The property has 5 bedrooms and 4 bathrooms, which is well-suited for large families or for use as a multi-family rental property.
• Potential for high rental income: The property's size and the number of bedrooms and bathrooms suggest strong rental income potential, especially given the median rent in the area. The current market rent for a 4-bedroom is $2805, which suggests a monthly gross income potential exceeding $2,800.
• Urban location with access to public transportation: The property's location in Jersey City offers easy access to public transportation, amenities, and proximity to Manhattan, appealing to those who prefer an urban environment.
The Bad
• Lack of property details: The absence of a property description, room details, and utility information makes it difficult to assess the property's true condition and value. This lack of information increases the risk for potential buyers.
• Unknown build year: Without knowing when the property was built, it is impossible to estimate the age of the building and its systems. Older homes often require more maintenance and may have outdated infrastructure.
• No listed features: The absence of listed property features makes it hard to compare the property to others in the market. Potential buyers have no information on amenities, upgrades, or specific characteristics of the property.
• Potential for high renovation costs: Given the lack of details, it's likely that the property will require significant renovations, which could add substantial costs to the purchase price.
• Potential for high HOA fees: If the property is part of a condo or townhome complex, it may come with high HOA fees. These fees can significantly impact the total cost of ownership and should be investigated.
The Ugly
• Potential for extensive renovations: The lack of property information indicates that the property may require significant renovations. This could involve unexpected costs and delays, making it less appealing for buyers seeking a move-in-ready home.
• Unknown condition of utilities and systems: The absence of information about the property's utilities and systems creates a risk of encountering major issues with plumbing, electrical, or HVAC. These systems can be expensive to repair or replace, adding significantly to the ownership costs.
• Risk of hidden structural issues: Without a thorough inspection, there is a risk of hidden structural problems. These could be costly and time-consuming to fix, making the property a potentially risky investment.
• High property tax burden: Jersey City's high property taxes can significantly impact the overall cost of ownership. This could make the monthly carrying costs higher compared to other areas with lower taxes.
• Potential for unexpected expenses: Given the lack of information about the property, there is a significant risk of encountering unexpected expenses. Buyers should be prepared for potential additional costs and should maintain a contingency fund.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Investors seeking multi-family properties with high rental income potential: The property's 5 bedrooms and 4 bathrooms, coupled with a price per square foot of $116.42, suggests potential for generating significant rental income, especially when compared to the local average rental rates for similar sized units. For example, the current market rent for a 4-bedroom is $2805, which suggests a monthly gross income potential exceeding $2,800.
• Buyers comfortable with potentially older homes in need of renovation: Given the absence of a listed build year, the property may require updates. Buyers with the financial means and willingness to undertake renovations could find this property a good investment.
• Buyers interested in a well-connected urban environment: The property's location in Jersey City offers easy access to public transportation, amenities, and proximity to Manhattan. This is ideal for buyers who prioritize an urban lifestyle and commute options.
• Buyers looking for a property with a low price per square foot: At $116.42 per sq ft, the property is priced lower than many other homes in the area, making it attractive to price-conscious buyers. The property's size (2,352 sqft) offers a substantial living space for the price.
Not For
• Buyers seeking a move-in ready property with modern amenities: The lack of property details suggests that this house may require significant renovations. Buyers who want a fully updated home may find this property unsuitable.
• Buyers with a low tolerance for risk: The absence of a build year and property description indicates potential for unknown maintenance issues. This property is not ideal for risk-averse buyers.
• Buyers with strict budget constraints: While the price per square foot is low, the potential costs for repairs and renovations could significantly increase the overall investment. This is not suitable for those on a very strict budget.
• Buyers who prioritize having ample green space: Given the urban setting and the nature of row houses, the property likely has limited green space. This may not be suitable for buyers who value outdoor recreation and garden space.
Demographics
Area Median Income
$60,787
Property History
Price History
Ownership Timeline
$0Cash Purchase
May 25, 2023Anthony Paul Migliore, Sarah Catherine ColeAnthony Paul Migliore, Sarah Cole Migliore
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Sep 13, 2021Anthony Paul MiglioreAnthony Paul Migliore, Sarah Catherine Cole
Intrafamily Transfer
Non-Arm's Length Transactions
$545,000Financed
Jul 17, 2020Carmen Maria Velez Martinez, Estate Of Angel L MedinaAnthony Paul Migliore
Deed
Standard Sale (Purchase/Resales)
$212,500Cash Purchase
Nov 8, 2004Russell FranklinAngel Medina
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$1,765
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$273,827
Price/sqft
$116
Layout
5 bd•4 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,095,500
75.0%
Your price is 75.0% below average
Median Price
$930,000
70.6%
Based on 6 recent sales
Price per Sq.Ft
$774
85.0%
Your price is 85.0% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 360 1/2 5TH ST #PH, JC, Downtown, NJ 07302 | $1,675,000 | 2,163 | 4 | 3 | $774565.1% | 9/12/2024 |
| 305 VARICK ST, JC, Downtown, NJ 07302 | $1,620,000 | N/A | 4 | 4 | N/A | 12/12/2024 |
| 27A SUMMIT AVE, JC, Journal Square, NJ 07304 | $599,000 | N/A | 5 | 4 | N/A | 11/7/2024 |
| 369-371 Halladay Street, Jersey City, NJ 07304 | $930,000 | N/A | 6 | 4 | N/A | 9/12/2024 |
| 22 HOWARD PL, JC, Journal Square, NJ 07306 | $850,000 | N/A | 5 | 4 | N/A | 9/12/2024 |
| 369-371 HALLADAY ST, JC, Bergen-Lafayett, NJ 07304 | $899,000 | N/A | 6 | 4 | N/A | 9/11/2024 |
360 1/2 5TH ST #PH, JC, Downtown, NJ 07302
Price: $1,675,000
Sq.Ft: 2,163
Beds/Baths: 4/3
$/Sq.Ft:
$774565.1%
Sale Date: 9/12/2024
305 VARICK ST, JC, Downtown, NJ 07302
Price: $1,620,000
Sq.Ft: N/A
Beds/Baths: 4/4
$/Sq.Ft: N/A
Sale Date: 12/12/2024
27A SUMMIT AVE, JC, Journal Square, NJ 07304
Price: $599,000
Sq.Ft: N/A
Beds/Baths: 5/4
$/Sq.Ft: N/A
Sale Date: 11/7/2024
369-371 Halladay Street, Jersey City, NJ 07304
Price: $930,000
Sq.Ft: N/A
Beds/Baths: 6/4
$/Sq.Ft: N/A
Sale Date: 9/12/2024
22 HOWARD PL, JC, Journal Square, NJ 07306
Price: $850,000
Sq.Ft: N/A
Beds/Baths: 5/4
$/Sq.Ft: N/A
Sale Date: 9/12/2024
369-371 HALLADAY ST, JC, Bergen-Lafayett, NJ 07304
Price: $899,000
Sq.Ft: N/A
Beds/Baths: 6/4
$/Sq.Ft: N/A
Sale Date: 9/11/2024
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