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Fully Approved Multifamily Development
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120 Storms Ave, Jersey City, NJ 07306

Fully approved 7-story residential project with 101 units and 34 on-site parking spaces.

Property SizeContact for details
Days on Market466

Property Features for 120 Storms Ave

General Information

Standard status Active
Class A
Property subtype Multifamily, Land

Building Details

Units 101
Listing Agency: Liberty Reality
Listed By: Bruno Mele · License #NJ 1645773
Source: Crexi
Added: Jun 3, 2025 Changed: Aug 16 Last Checked: Sep 10 at 7:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Liberty Reality

Investment Insights

Based on property information with market context.

This is a fully approved multifamily development opportunity for a 7-story residential building with 101 thoughtfully designed units. The unit mix includes 19 studios, 75 one-bedrooms, 5 two-bedrooms, and 2 three-bedroom residences. The project also provides 34 on-site parking spaces.

The property is located at 120 Storms Avenue in Jersey City, with proximity to Journal Square and PATH trains, along with nearby shops and restaurants.

With the approved plans in place, the asset is positioned to move into the next phase of development for a housing-focused project configured as a multi-unit community.

Key Highlights

  • Fully approved development for a 7‑story residential building at 120 Storms Avenue in Jersey City
  • Total of 101 units with a mix of 19 studios, 75 one‑bedrooms, 5 two‑bedrooms, and 2 three‑bedroom residences
  • Includes 34 on‑site parking spaces for residents

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Pet Store & Service Nursing Home Restaurant Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,786
Businesses Nearby

Demographics for 07306, NJ

55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully approved 7-story residential project with 101 units and 34 on-site parking spaces.
Where is this apartment building located?
The property is located at 120 Storms Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $6,599,999.
What are key features of this property?
This property features: Fully approved development for a 7‑story residential building at 120 Storms Avenue in Jersey City; Total of 101 units with a mix of 19 studios, 75 one‑bedrooms, 5 two‑bedrooms, and 2 three‑bedroom residences; Includes 34 on‑site parking spaces for residents
(201) 222-2900 Call to check price and availability
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