369-371 Whiton St Jersey City, NJ 07304
This exceptional redevelopment opportunity presents a fully approved plan for a six-story, 20-unit apartment building at 369-371 Whiton Street in Jersey City, NJ. Situated on a 4,000 square foot lot, this prime location offers a terrific Jersey City address perfect for a luxury condo project. The proposed design includes a mix of one-bedroom, one-bedroom-plus-flex-space, and two-bedroom units, catering to a diverse range of residents. The building's first floor will feature a welcoming lobby and a modern fitness space, enhancing the resident experience. Adding to the appeal, the property boasts a front yard and a thoughtfully designed extensive green rooftop, providing both aesthetic value and outdoor amenity space. The permitted residential zoning ensures a straightforward development process. With its full approvals in place, this project offers a streamlined path to completion, making it an exceptional investment opportunity in a thriving Jersey City market. The asking price is $1,800,000. This is a rare chance to capitalize on the high demand for luxury living in this desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.