NOT LISTED FOR SALE

198 Academy St Jersey City, NJ 07306

Journal Square Neighborhood

Estimated Value: $2,854,623

2 Beds
-- Bath
1,012 Sq Ft
$2,821/Sq Ft Est. Value

About This Home

The Altura of Jersey City allows you to soak in sweeping, unobstructed views of the Manhattan Skyline from the comfort of your brand-new home. And, with a location just minutes from the Journal Square PATH, the Altura couldn't be more easily connected to the city.

The newly constructed Altura offers homes ranging in size from studio suites up to three-bedroom residences. Tenants can avoid the hassle of laying out a large security deposit upon leasing a home by signing up with Rhino insurance. All members of this community also enjoy a a bevy of modern amenities both inside their home and out. From solid hardwood floors, central AC and premium stainless steel appliances, to private parking, a roof deck and fitness room, the Altura has it all.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2019
Sold by
Jersey City Development Agency
Bought by
Vaishno Ma Summit Llc
Current Estimated Value
$2,854,623

Purchase Details

Closed on
Apr 6, 2015
Sold by
Jersey City Redevelopment Agency
Bought by
Vaishno Ma Summit Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,090,000
Interest Rate
3.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2015
Sold by
The City Of Jersey City
Bought by
The Jersey City Redevelopment Agency

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,090,000
Interest Rate
3.72%
Mortgage Type
Purchase Money Mortgage
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
Vaishno Ma Summit Llc -- Prestige Title Agency Inc
Vaishno Ma Summit Llc $1,140,000 Prestige Title Agency Inc
The Jersey City Redevelopment Agency -- Prestige Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vaishno Ma Summit Urban Renewal Limited $12,300,000
Previous Owner Vaishno Ma Summit Llc $1,090,000
Previous Owner The Jersey City Redevelopment Agency $1,090,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Off Market $2,500 -- --
04/11/2025 04/11/25 Price Changed $2,500 +11.1% $4 / Sq Ft
03/19/2025 03/19/25 Price Changed $2,250 +4.7% $4 / Sq Ft
12/12/2024 12/12/24 Price Changed $2,150 -8.5% $3 / Sq Ft
09/19/2024 09/19/24 Price Changed $2,350 +2.2% $4 / Sq Ft
09/03/2024 09/03/24 Price Changed $2,300 -2.1% $4 / Sq Ft
08/19/2024 08/19/24 Price Changed $2,350 -9.6% $4 / Sq Ft
08/05/2024 08/05/24 Price Changed $2,600 +30.0% $4 / Sq Ft
07/09/2024 07/09/24 Price Changed $2,000 -14.9% $3 / Sq Ft
06/17/2024 06/17/24 Price Changed $2,350 -28.8% $4 / Sq Ft
06/14/2024 06/14/24 Price Changed $3,300 +43.5% $5 / Sq Ft
06/07/2024 06/07/24 Price Changed $2,300 +4.5% $4 / Sq Ft
05/23/2024 05/23/24 Price Changed $2,200 +10.0% $3 / Sq Ft
05/03/2024 05/03/24 Price Changed $2,000 -9.1% $3 / Sq Ft
04/30/2024 04/30/24 Price Changed $2,200 +25.7% $3 / Sq Ft
04/10/2024 04/10/24 Price Changed $1,750 -11.4% $3 / Sq Ft
03/22/2024 03/22/24 Price Changed $1,975 +3.9% $3 / Sq Ft
01/09/2024 01/09/24 Price Changed $1,900 +8.6% $3 / Sq Ft
11/04/2023 11/04/23 Price Changed $1,750 -30.0% $3 / Sq Ft
10/11/2023 10/11/23 Price Changed $2,500 +26.6% $4 / Sq Ft
08/07/2023 08/07/23 For Rent $1,975 0.0% --
07/08/2023 07/08/23 For Rent $1,975 0.0% --
09/01/2022 09/01/22 For Rent $1,975 -- --

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
2024 $85,274 $3,795,000 $3,795,000 $0
2023 $85,274 $3,795,000 $3,795,000 $0
2022 $80,378 $3,795,000 $3,795,000 $0
2021 $60,872 $3,795,000 $3,795,000 $0
2020 $61,100 $3,795,000 $3,795,000 $0
2019 $75,383 $4,895,000 $3,795,000 $1,100,000
2018 $8,633 $3,895,000 $3,795,000 $100,000
2017 $45,256 $580,200 $580,200 $0
2016 $44,681 $580,200 $580,200 $0
2015 $17,860 $238,700 $238,700 $0
2014 -- $238,700 $238,700 $0
Source: Public Records

Map

New Jersey Hudson County Jersey City 07306 Journal Square

198 Academy St, Jersey City, NJ

This home is located at 198 Academy St, Jersey City, NJ 07306 and is currently priced at $2,854,623, approximately $2,820 per square foot. 198 Academy St is a home located in Hudson County with nearby schools including Martin Luther King Jr. School - P.S. 11, Liberty High School, and Lincoln High School.

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