263 Grove St, Jersey City, NJ, 07302
About This Home
Exceptional investment and redevelopment opportunity in the heart of Downtown Jersey City. This classic four-family brownstone offers incredible upside for investors, developers, and end users alike. Situated on one of the area's most desirable tree-lined streets, the property presents an ideal opportunity for a condominium conversion, with separate utilities already in place for each unit to help streamline the redevelopment process. Adding to its value, the ground and parlor levels offer the potential for a commercial conversion (subject to municipal approvals), creating a unique mixed-use asset with retail, office, or professional space below and residential units above. The property also offers outstanding potential to be transformed into a spectacular single-family brownstone. Whether your vision is luxury condominiums, a boutique mixed-use building, an exceptional single-family residence, or a long-term investment property, the flexibility of this asset makes it a rare find. Ideally located just moments from Van Vorst Park, Paulus Hook, the Grove Street PATH, and the vibrant Newark Avenue Pedestrian Plaza, the property is surrounded by some of Downtown Jersey City's best restaurants, cafés, boutiques, and waterfront amenities. Located within the highly sought-after PS16 school district, this prime location continues to attract homeowners, investors, and developers alike.
Getting Around
Walker's Paradise
Excellent Transit
Very BikeableSchools
Construction
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Brownstone
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heating features: Baseboard,Hot Water
Property
Details
- Parcel number: 0614101000000021
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,974 | $107,688 |
| Home Insurance * | $423 | $5,076 |
| Property Taxes | $3,120 | $37,440 |
| Electricity | $193 | $2,318 |
| Total | $12,710 | $152,520 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-15 | Listed for sale | $1,774,900 |
| 2016-10-03 | Listing removed | $1,900 |
| 2016-06-13 | Listing removed | $2,000 |
| 2016-03-14 | Listing removed | $1,750 |
| 2016-02-12 | Listed for rent | $1,750 |
| 2015-12-13 | Listing removed | $1,650 |
| 2015-12-09 | Price change | $1,650 |
| 2015-11-14 | Price change | $1,695 |
| 2015-11-04 | Price change | $1,795 |
| 2015-09-14 | Listed for rent | $1,800 |
| 2014-04-10 | Listing removed | $1,700 |
| 2014-02-26 | Price change | $1,700 |
| 2014-02-13 | Price change | $1,675 |
| 2014-02-11 | Listed for rent | $1,700 |
| 2013-06-04 | Listing removed | $1,700 |
| 2013-05-05 | Listed for rent | $1,700 |
| 2011-10-07 | Listing removed | $1,100 |
| 2011-09-28 | Price change | $1,350 |
| 2011-09-24 | Listed for rent | $1,250 |
| 2011-07-15 | Listing removed | $1,250 |
| 2011-06-13 | Listed for rent | $1,250 |
| 2011-05-13 | Listing removed | $1,400 |
| 2011-05-02 | Listed for rent | $1,400 |
| 2010-12-18 | Listing removed | $825,000 |
| 2010-09-23 | Listed for sale | $825,000 |
| 2007-08-28 | Sold | $795,000 |
| 2006-02-01 | Sold | $740,000 |
| 2004-07-28 | Sold | $640,000 |
| 1998-07-07 | Sold | $190,000 |
| 1997-01-23 | Sold | $148,000 |
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