296 Paterson Plank Rd Jersey City Jersey City, NJ 07307

Listing agency ACCESS HOMES REALTY a***@gmail.com Show Phone

Listed by JULIO ALVARADO · License #0567648 Show Phone

Source Exitrealty

Added: Jan 24, 2024 Updated: Jul 20 at 11:58PM Checked: Jul 21 at 4:49AM

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Investment Insights

Based on property information with market context.

Offered for sale: a multifamily real estate portfolio at 296 Paterson Plank Rd, Jersey City (Heights). The properties are described as being perched on the cliffs overlooking Hoboken and New York City. The portfolio is positioned between the Lincoln Tunnel and the Holland Tunnel, and the 9th Street Light Rail train station is noted as directly across the street.

The remarks also describe the setting as part of the Riverview Arts District of the Heights, with Washington St Park about half a block away. The majority of the units are described as being rented substantially below market, suggesting space for upside through improved leasing performance. The portfolio is also presented as having potential for redevelopment, including knockdown and new construction for ultra-luxury rentals, townhomes, or condos, depending on buyer plans.

Key Highlights

• Multifamily portfolio in The Heights perched on cliffs overlooking Hoboken and New York City
• Located between the Lincoln Tunnel and Holland Tunnel
• 9th Street Light Rail train station across the street

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FAQs

What type of property is this?

Multifamily property - Multifamily portfolio perched overlooking Hoboken and New York City, with a light rail station across the street.

Where is this multifamily property located?

The property is located at 296 Paterson Plank Rd Jersey City Jersey City, NJ.

What is the asking price?

The asking price for this property is $5,999,999.

What are key features of this property?

This property features: Multifamily portfolio in The Heights perched on cliffs overlooking Hoboken and New York City; Located between the Lincoln Tunnel and Holland Tunnel; 9th Street Light Rail train station across the street