NOT LISTED FOR SALE

545 Martin Luther King jr Dr Jersey City, NJ 07304

Bergen-Lafayette Neighborhood
2 Beds
-- Bath
-- Sq Ft
5,401 Sq Ft Lot

About This Home

Welcome to The Atrium, located at 545 Martin Luther King Dr, in Jersey City’s Bergen Lafayette neighborhood. The Atrium is the neighborhood’s hottest and latest new construction, no-fee luxury rental building, featuring 36 beautifully designed one and two bedroom residences with top of the line finishes and amenities for all residents to enjoy. Each residence offers a large open floor plan with beautiful floors throughout, designer kitchens with white quartz countertops and stainless steel appliances, in-unit washer and dryer, tankless water heaters, custom lighting, designer bathrooms, and terraces in select units. The Atrium offers a stunning resident's lounge and lobby featuring a massive built-in fireplace, co-working space, state of the art fitness center, mail room, package room, bike storage, and a common roof deck for all residents to enjoy year round. Surrounding The Atrium is a booming neighborhood, home to a plethora of new coffee shops, cafes, restaurants and bars, with tons of options for entertainment, nightlife, shopping, transportation to NYC, and more. On a nice day, take a stroll over to the Liberty State Park where you can spend the day at the Liberty Science Center, or take in some breath-taking views of NYC and can hop onto the ferry and take a trip to the Statue of Liberty and Ellis Island. The Atrium and Bergen-Lafayette have it all to offer its residents. Enjoy no security deposit option with Rhino Insurance, and one free month on a 13-month lease. Come and see it for yourself! Price advertised is net-effective rent.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2025
Sold by
543 Mlk Drive Llc
Bought by
545 Mlk Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,250,000
Outstanding Balance
$10,292,401
Interest Rate
6.96%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
545 Mlk Drive Llc -- Cross Bridge Title
545 Mlk Drive Llc -- Cross Bridge Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 545 Mlk Drive Llc $11,250,000
Closed 545 Mlk Drive Llc $11,250,000
Previous Owner 543 Mlk Drive Llc $700,000
Previous Owner 543 Mlk Drive Llc $10,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2024 03/13/24 Price Changed $2,215 0.0% --
03/12/2024 03/12/24 For Rent $2,215 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $92,730 $9,029,900 $1,572,700 $7,457,200
2024 $48,371 $4,152,700 $1,572,700 $2,580,000
2023 $48,371 $2,152,700 $1,572,700 $580,000
2022 $34,369 $1,622,700 $1,572,700 $50,000
Source: Public Records

Map

New Jersey Hudson County Jersey City 07304 Bergen-Lafayette

545 Martin Luther King jr Dr, Jersey City, NJ

This home is located at 545 Martin Luther King jr Dr, Jersey City, NJ 07304. 545 Martin Luther King jr Dr is a home located in Hudson County with nearby schools including Ollie Culbreth, Jr. School, PS #14, Lincoln High School, and Henry Snyder High School.

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