$3,600,000 - Views - New Construction

$3,600,000 345 Central Ave Jersey City, NJ

MLS: 170012738   Type: Investment   County: Hudson   City: Jersey City   Area: Heights   Zip: 07307     Stories: 4   Taxes: $29,928

Mortgage $16,901 /mo

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Great development opportunity in the highly sought-after Heights section of Jersey City. This two-story, 10,750± square foot mixed use building with approximately 7000sq ft of reatail and stable tenants has approvals in-place for 25 residential units and 2 parking spaces. This is a rare opportunity for a grocery store chain or other large retailer to grab the largest street level space currently available on Central Ave. This property is situated centrally in one of JC's hottest areas markets, quickly becoming a popular alternative to Manhattan, Brooklyn, and Downtown JC. This redevelopment takes advantage of the growing multifamily demand in this hot, low vacancy market, with great rents and new construction condo returns. The moderate construction costs associated with this project will appeal to many types of investors, whether it be a first time or seasoned developer looking to break into The Heights market or a local owner looking to add to their portfolio, with an in-place income stream from the existing retail tenants. - Excellent commute to NYC with Direct buses or quick access to the 9th Street and 2nd Street Lightrail Stops. - Excellent view of New York City skyline from upper levels - Close to all the burgeoning Heights Area has to offer including the Palisade Arts District, New Retail, Coffee Shops, and New Restaurants

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Price History

7/25/2017 Listed $3,600,000

Class CI INVESTMENT - SALE ONLY

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Direct Link:

http://www.searchpropertiesbysouthern.com/property/102-170012738-345-Central-Ave-Jersey-City-NJ-07307

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Property vs Zip Code Avg (07307)

Price 3.60M Avg 1.95M

Taxes $29,928 Avg $8,895

Visits 38 Avg 38

Days on Site 143 Avg 89

Walkscore® 96 Avg 93

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Listing Provided Courtesy Of: BOYNE REALTY - 201-451-0950




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Location & Address

Pure Properties
200 Hudson St. Suite 1000
Jersey City, NJ
973-845-4260