$1,650,000
For Sale

372 Summit Avenue

Jersey City, NJ 07306
Browse 29 photos
Type:Purchase
Structure:5+ Family
Zone:Residential

Description

This investment property, featuring a commercial space on the 1st Fl and two 2BR Apts above, offers an exceptional development opportunity in the fast-growing Journal Square area. Just 2.5 blocks from the Transportation Center and PATH train station, offering direct routes into NYC. Situated in the JSQ Redevelopment Zone, this property presents a variety of possibilities for developers & investors. Its prime location near vibrant restaurants, schools, and businesses enhances its appeal, with potential for several additional floors pending variance approvals. The surrounding area has experienced significant growth in recent years, with multiple rental developments ranging from 29 to 132 units. Don't miss out on the chance to invest in this prime location, offering tremendous development potential in one of Jersey City's most dynamic neighborhoods. Seller financing is possible, offering a flexible purchasing option for qualified buyers.

  • Property Details
      • Date ListedSeptember 26, 2024
      • Property SubtypeRes/Com Mixed
      • Original List Price$1,800,000
      • Property TypePurchase
      • MLS #24031676
      • MLS #24031676
      • Cost1650000

Location

Shamanda Nicole VealReal Estate Group
OR

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Interest Rate

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6.0%

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2.6%
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