Property Details
Price :
Square Feet :
Cap Rate :
$4,000,000
35,657
N/A
NOI :
Acres :
N/A
0.15
Property Type :
Property Status :
Other
Available
Investment Highlights
- Fully Approved 10-Story, 51-Unit Age-restricted (62+) Multifamily Development Site In The Heights Section Of Jersey City, Hudson County, New Jersey
- Rare Shovel-ready Development Opportunity in One of the Most Supply-Constrained and Institutionally Favored Multifamily Markets in the Northeast
- Prime Palisade Avenue Location – Within Jersey City's Medical District - With Immediate Access to Hoboken, Downtown Jersey City, Hoboken Path, Newport Retail Corridor, And Direct Manhattan Connectivity
- Highly Differentiated 62+ Housing Product Designed To Capture Growing Demand From Local Downsizers, Long-time Jersey City Residents, and Seniors Seeking Urban Walkability
- Approved For 35,657 Rentable Square Feet With an Efficient 699 SF Average Unit Size Across 51 Residential Units
- Institutional-quality Building Includes Rooftop Amenity Deck, Fitness Center, Bike Storage, Private Balconies on Select Units, and Skyline-Oriented Views 11 On-Site Parking Spaces Including Mechanical Spaces, EV Charging, and ADA Parking
- Elevated Site Positioning Offers Premium Rear-Facing Residences With Downtown Jersey City and Manhattan Skyline Exposure
- Exceptional Surrounding Density With Over 623,000 Residents, 1.08 Million Employees, and $150,000+ Average Household Income Within Three Miles Of The Subject Property
- Strategically Positioned Near Major Transportation Infrastructure Including Interstate 78, Route 9, Route 495, and the New Jersey Turnpike
Street View
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