1076 Summit Ave, Unit JC Jersey City, NJ 07307

Located in the heart of Jersey City Heights, 1076 Summit Avenue is a commercial mixed-use property situated on a 3,200 square foot lot. The building features eight units, with five having been recently renovated to include modern amenities such as new central air systems and updated layouts. The exterior has been updated to restore its original character. Structural renovations include reframed and reinforced existing framing at the commercial level, a new electrical service with a line extended from the street, and updated gas and sewer lines. A new steel cellar door and a newly installed skylight have been added. Exterior improvements feature new shop windows and doors for commercial spaces, a restored cast iron column entrance, new siding on the ground level, and a fresh repaint of upper levels. The cornice has been rebuilt, incorporating original elements where possible. The staircase railings and banisters have been refinished, and the parking lot has been repaved and striped. Fob key front door access with video surveillance ensures enhanced security. Three of the residential units and the two storefronts have been completely renovated. These residential units feature new framing and sheetrock, new kitchens and bathrooms, as well as central heating and cooling. The commercial interiors have been transformed with open layouts, each featuring an ADA-compliant bathroom and new HVAC systems. Restored original high ceilings and shop windows highlight the blend of historical character and contemporary style. The property is located in a convenient area for commuters, close to the Hudson-Bergen Light Rail Elevator and numerous bus routes to NYC. A new NJ Green Card is expected in 2024. There is potential for an increased rent roll upon renovating the other three units when they become available.