Industrial Property – West Hoboken Commercial Division

Properties

Active

701 - 711 Grand St, 1097 Garfield Ave and 14-6 Summit Ave

Seven lots comprised of several mixed-use buildings. Located in the Morris Canal Redevelopment Plan. Build up to 5 stories as of right, and 7 stories with 15% affordable housing component. Generate money now and build a multi-family down the line while you wait for approvals. Numerous uses permitted.

– Car dealership

– Auto Body

– Car lot

– Parking lot

– Locksmith Shop

– Cafe

– 3-bed, 2-bath apartment

Collective Square Footage:

19,850 sf

19 Jewett Ave

Gut-renovated 7-unit investment opportunity the heart of McGinley Square. Nestled among many new construction developments. All rents have been registered with the city. High rents with the opportunity to further increase. The building is predominantly made up of 3-4 bedrooms units.

Under Contract

45-53 Kearney Ave

Church/redevelopment site with 12,894 sf located in the Jackson Hill Redevelopment section of Jersey City and within an opportunity zone for tax benefits. Density is not regulated by floor area ratio or units per acre, but instead, defined by the building envelope, with as-of-right ability to build up to 8 stories. Three-minute walk to the Light Rail Station. It was listed under former employer—IPRG.

Recently Closed

197-199 and 201-203 Monticello Ave
80 Jewett Ave

Three buildings: 11 residential units + 4 commercial units located in the heart of McGinley Square, the next neighborhood over from Journal Square. Nestled among many new construction developments.

138 Monticello Ave

Renovated mixed-use building with two apartments and one commercial space w/patio \ in the heart of McGinley Square. Situated among many new construction developments, in an Opportunity Zone, and redevelopment area.

97 Reservoir Ave

Three-family gem located in the heart of Jersey City Heights on one of the most coveted streets in the neighborhood. The home will be delivered VACANT. The home features a driveway, full basement with high ceilings and windows, and lots of potential to convert the first floor and basement into a duplex apartment with direct access to the backyard. It’s a total of eight bedrooms and three bathrooms. Pershing Field Park, Central Ave, and plenty of cafes, shops, and restaurants are located just a few feet away.

233 Palisade Ave

Corner, 4-family nestled in JC Heights on the coveted Palisade Ave. This fixer upper with lots of value-add potential sold for $800,000.

446 Ocean Ave

Auto repair shop sold cash for $750K in the Ocean Bayview Redevelopment zone.

As of right—11 units + retail could be built, unentitled site.

21 Gardner Ave

Small development site in Bergen Hill, an oversized lot of 40 x 100 ft with approvals for 3 units and 3-car parking (9 bedrooms and 6 bathrooms). Buyer paid $600k cash, with an estimated sell out of $2,185,000.

This site has elements of historical significance.

497 West Side Ave

Corner, mixed-use property with 4 residential units over 1 commercial unit and 1- car parking in the rear. This three-story property falls in the NC-1 zone of Jersey City, with the ability to build an additional two stories, no density requirement but rather units need to conform to building envelope.

Sold cash for $1,135,000.

346 Danforth Ave

Three-family with a detached garage with parking for 3 cars. Oversized lot of 31 x 126 ft

8 bedrooms, 4.5 bathrooms and full semi-finished basement. Sold for $990k, conventional loan.

212-230 Culver Ave

Entitled development site sold in the West Side section of Jersey City. Spanning 53,000 sf with approvals for 365 units, sold under former employer.

Sale Price: $12,500,000

301 West Side Ave

Entitled development site sold in the West Side section of Jersey City. Spanning 10,000 sf with approvals for 200 units, sold under former employer.

Sale Price: $9,350,000

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Properties

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