Entity Owned Property summary
This exceptional 4,965 square foot development site is located in the heart of Downtown Jersey City's SoHo neighborhood, known for its high rents exceeding even those in New York City's Financial District. The property is zoned under the JERSEY AVENUE LIGHT RAIL REDEVELOPMENT PLAN, allowing for a proposed 12-story building with 66 residential units. This prime location offers unparalleled investment potential, situated near notable developments such as The Enclave, 100 House, and One Ten Cast Iron Lofts, famous for its iconic David Bowie mural. Studio apartments in this area command luxury rents ranging from $4.08 to $5.10 per square foot, reflecting the strong demand and high rental income potential. The site's address is 605 Grove Street, Jersey City, New Jersey, 07310, in Hudson County. Detailed site plans and comparable lease information are available upon request. This presents a unique opportunity to capitalize on the thriving Jersey City real estate market and create a highly profitable residential development in a sought-after location. The property is classified as both commercial and residential land.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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