SOLD: 76 Belmont Avenue

Contact us @ 201-209-9301 x302 or x315 or email realestate@gsecdc.org for more information.

Addresses: 76 Belmont Avenue, Jersey City, NJ 07304

  • $285,000 Sales Price
  •  $1,100 Owner's Monthly Cost (Not Including Utilities)
  • Minimum Income To Afford $43,500*
  • Two-Family Home
  • 4 Bedrooms 1 Bathrooms for Owner
  • 2 Bedroom 1 Bathroom
  • Backyard & Finished Basement
  • Located in Bergen Hill Near Saint Peter's College
  • Completely Renovated
  • Construction Completion July 2015

* Based on 30 year fixed mortgage, 3.75% Interest, 3.5% deposit.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Eligibility Restrictions

Household SizeMax. Income
1 Person$52,750
2 People$60,250
3 People$67,800
4 People$75,300
5 People$81,350
6 People$87,350
7 People$93,400


How Do I Apply? 

Interior Finish Concept

Interior Blueprints

(click below to enlarge images)

SOLD: 7 Jewett Avenue

Contact us @ 201-209-9301 x315 or email realestate@gsecdc.org for more information.

Address: 7 Jewett Avenue, Jersey City, NJ 07304

  • $305,000 Sales Price
  •  $1,100 Owner's Monthly Cost (Not Including Utilities)
  • Minimum Income To Afford $43,000*
  • Two-Family Home (3,054 Square Feet)
  • Homeowner Unit: 3 Bedrooms/2 Bathrooms
  • Tenant Unit: 3 Bedrooms/1 Bathrooms
  • Great Location Near Journal Square
  • Hardwood Floors
  • Stainless Steel Energy Efficient Appliances
  • Recreation Room
  • Garage Parking Driveway
  • Completely Renovated
  • Laundry Room
  • Central Air
  • Plenty of Storage Space
  • Intercom System
  • Outdoor Space/Backyard

* Based on 30 year fixed mortgage, 4% Interest, 3% down payment.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Eligibility

 

 

 

 

Eligibility

Household SizeMax. Income
1 Person$52,750
2 People$60,250
3 People$67,800
4 People$75,300
5 People$81,350
6 People$87,350
7 People$93,400

How Do I Apply?

SOLD: 7.5 Grant Avenue

Contact us @ 201-209-9301 x315 or email realestate@gsecdc.org for more information.

Address: 7.5 Grant Avenue, Jersey City, NJ 07305

  • $280,000 Sales Price
  •  $925 Owner's Monthly Cost (Not Including Utilities)
  • Minimum Income To Afford $37,000*
  • Three Story Two-Family Home (3,633 Square Feet)
  • Homeowner Unit: 3 Bedrooms/3 Bathrooms
  • Tenant Unit: 3 Bedrooms/2 Bathrooms
  • Hardwood Floors
  • Stainless Steel Energy Efficient Appliances
  • Recreation Room
  • Garage Parking Driveway
  • Completely Renovated
  • Laundry Room
  • Central Air
  • Plenty of Storage Space
  • Intercom System
  • Large Outdoor Space

* Based on 30 year fixed mortgage, 4% Interest, 3% down payment.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

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Eligibility

Household SizeMax. Income
1 Person$48,200
2 People$55,050
3 People$61,950
4 People$68,800
5 People$74,350
6 People$79,850
7 People$85,350

How Do I Apply?

SOLD: 394 Armstrong Avenue

Contact us @ 201-209-9301 x315 or email realestate@gsecdc.org for more information.

Address: 394 Armstrong Avenue, Jersey City, NJ 07305

  • $305,000 Sales Price
  •  $1,005 Owner's Monthly Cost (Not Including Utilities)
  • Minimum Income To Afford $40,213*
  • Two-Family Home (2,979 Square Feet)
  • Homeowner Unit: 3 Bedrooms
  • Tenant Unit: 3 Bedrooms
  • Hardwood Floors
  • Stainless Steel Energy Efficient Appliances
  • Completely Renovated
  • Laundry Room
  • Plenty of Storage Space
  • Outdoor Space
  • Energy Efficient Hot Water Heaters & Furnaces

* Based on 30 year fixed mortgage, 4% Interest, 3% down payment.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Typical Finishes


Concept

 

 

Floor Plans

 

Eligibility Restrictions

Household SizeMax. Income
1 Person$48,200
2 People$55,050
3 People$61,950
4 People$68,800
5 People$74,350
6 People$79,850
7 People$79,760

How Do I Apply?

SOLD: 60 Belmont Avenue

Contact us @ 201-209-9301 x302 or x315 or email realestate@gsecdc.org

Addresses: 60 Belmont Avenue, Jersey City, NJ 07304

  • $260,000 Sales Price
  •  $1,050 Owner's Monthly Cost (Not Including Utilities)
  • Minimum Income To Afford $42,000*
  • Two Family Home
  • 3 Bedrooms / 2 Bathrooms for the Owner
  • 1 Bedroom/ 1 Bathroom for Renter
  • In Up & Coming Bergen Hill Jersey City.
  • Near St. Peter's College & McGinley Square
  • Completely Renovated
  • Construction Completion May 2015

* Based on 30 year fixed mortgage, 3.75% Interest, 3.5% deposit.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Eligibility Restrictions Apply

Household SizeMax. Income
1 Person$42,950
2 People$49,050
3 People$55,200
4 People$61,300
5 People$66,250
6 People$71,150
7 People$76,050

(click below for full image)

UNDER CONTRACT: 63 Gardner Avenue

Contact us @ 201-209-9301 x302 or x315 or email realestate@gsecdc.org for more information.

Addresses: 63 Gardner Avenue, Jersey City, NJ 07304

  • $180,000 Sales Price
  •  $1,275 Owner's Monthly Cost (Not Including Utilities)
  • Minimum Income To Afford $50,000*
  • Single Family Home
  • Located in Up & Coming Bergen Hill
  • 3 Bedrooms / 1.5 Bathrooms.
  • Private Driveway with 3 car parking.
  • Backyard and Front Porch
  • Completely Renovated
  • Construction Completion September 2015

* Based on 30 year fixed mortgage, 3.75% Interest, 3.5% deposit.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Eligibility Restrictions Apply

Household SizeMax. Income
1 Person$42,950
2 People$49,050
3 People$55,200
4 People$61,300
5 People$66,250
6 People$71,150
7 People$76,050

How Do I Apply? 

Interior Finish Concept 

Interior Blueprints

(click below to enlarge images)

Solutions for Foreclosures

Garden State Episcopal CDC is creating housing solutions for municipalities. We are repurposing foreclosures as mixed income housing with half the subsidy of new construction. For just $50,000 of subsidy per unit we can acquire, rehab and complete a sale in just 7.5 months. This is compared to $100,000 in subsidy for new construction and a 2 year timeline. We work fast turning eyesore and liabilities into neighborhood assets, stabilizing property values and building a strong base for new comps. Our average per unit cost is $165,000 compared to $250,000 per unit for new construction. From 2010 to 2013, we rehabbed 13 foreclosures in Jersey City creating 26 units with a $4 million investment. Those homes generated $3 million in mortgage activity and $1.5 million in construction contracts that went to local contractors. Moving forward, we are rehabbing 27 units with $6 million. We are "Building Strong Communities." To find out more about GSECDC please visit: http://gsecdc.org/about-us/

Housing Development Pipeline 2014

Below is a list of projects still under development or about to start. GSECDC's Division of Housing and Community Development is hard at work making these projects a reality. With a pipeline of $13,068,000, GSECDC will create 64 units on 31 sites serving 210 people. All of these projects are expected to be complete by the end of 2015. Garden State Episcopal CDC is building strong communities. 

Project Description Completion Date Unit Count Development Cost Number of Sites People Served
Neighborhood Recovery Program Phase 2 Home ownership, acquisition, rehab and resale of foreclosed two family homes Jun. 2015 10 $1,355,000.00 5 35
Bergen Hill Scatttered Site Strategy Home ownership, acquisition, rehab of single and vacant two family homes Jun. 2015 4 $1,081,000.00 4 18
Weber Friar Homes Home ownership, new construction on vacant lots Dec. 2015 18 $3,575,000.00 9 63
Neighborhood Recovery Program Phase 3 Home ownership, acquisition, rehab and resale of foreclosed two family homes Sep. 2015 10 $1,765,000.00 7 35
Hobart Project Special Needs rentals, new construction May. 2015 11 $3,032,000.00 1 20
Ocean Avenue Low and Moderate income rentals, new cosntruction Dec. 2015 5 $1,305,000.00 2 18
NRP Rental Rental, acquisition, rehab of foreclosed two family homes Dec. 2015 6 $955,000.00 3 21
Subtotal Predevelopment 64 $13,068,000.00 31 210

Bergen Court Apartments are NOW OPEN

Garden State Episcopal Community Development Corporation (GSECDC) is proud to have held a ribbon cutting event for the Bergen Court Apartments. After the building sat vacant for 10 years, GSECDC successfully partnered with HMFA, Jersey City, Hudson County and New Jersey Community Capital to substantially rehabilitate this facility. The project located at 242 Bergen Ave, Jersey City includes 12 affordable housing units, eight two-bedroom units with rents below 60% of the area median income and four one-bedroom units that are set aside for chronically homeless individuals with disabilities.

Read more about the project on the Together North Jersey website.