Approved Multi-Family Development
For Sale
Contact for pricing
Pending
85 Storms Ave, Jersey City, NJ 07306
Approved for a 5-story multi-family building with 23 units, parking, and bike storage on a compact Jersey City site.
Property SizeContact for details
Lot Size0.12 Acres
Days on Market125
Property Features for 85 Storms Ave
General Information
Standard status
Pending
Total Parking Spaces
6
Lot size
0.12 Acres
Property subtype
Land
Additional Details
Multifamily Units
23
Amenities
rooftop deck
Building Details
Stories
5
Listing Agency:
EXP Realty
(212) 844-9393
Listed By:
Minni Chalana · License #NJ 1969947
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 6:38PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This sale presents an approved development site for a 5-story multi-family residential building designed for 23 dwelling units. The approval includes 4 two-bedroom units (approximately 915 square feet each), 14 one-bedroom units (approximately 635 square feet each), and 5 studio units (approximately 516 square feet each), totaling approximately 21,011 square feet of gross floor area. The plan calls for an elevator, rooftop deck space, 6-car parking, and 12-bike storage spaces, with a total building height of 55 feet.
The property is located in the Neighborhood Commercial District of Journal Square in Jersey City, Hudson County, New Jersey. The site is described as being surrounded by restaurants, cafes, supermarkets, banks, hospitals, and corporate offices, with access to NJ Transit and PATH service through a short walk to the system.
This is an approved, elevator-served, rooftop-deck building concept built around a unit mix spanning studios through two-bedroom apartments, supported by on-site parking and bike storage as reflected in the submitted approvals.
The property is located in the Neighborhood Commercial District of Journal Square in Jersey City, Hudson County, New Jersey. The site is described as being surrounded by restaurants, cafes, supermarkets, banks, hospitals, and corporate offices, with access to NJ Transit and PATH service through a short walk to the system.
This is an approved, elevator-served, rooftop-deck building concept built around a unit mix spanning studios through two-bedroom apartments, supported by on-site parking and bike storage as reflected in the submitted approvals.
Key Highlights
- Approved 5‑story multi‑family residential building at 85‑87 Storms Avenue with 23 dwelling units
- Unit mix approved: 4 two‑bedroom (~915 SF each), 14 one‑bedroom (~635 SF each), and 5 studio (~516 SF each)
- Total approved gross floor area of 21,011 SF on an approx. 5,375 SF land parcel
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
2,973
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved for a 5-story multi-family building with 23 units, parking, and bike storage on a compact Jersey City site.
Where is this residential land & home lot located?
The property is located at 85 Storms Ave Jersey City, NJ.
What are key features of this property?
This property features: Approved 5‑story multi‑family residential building at 85‑87 Storms Avenue with 23 dwelling units; Unit mix approved: 4 two‑bedroom (~915 SF each), 14 one‑bedroom (~635 SF each), and 5 studio (~516 SF each); Total approved gross floor area of 21,011 SF on an approx. 5,375 SF land parcel
