Jersey City, NJ 07306 · Investment · For Sale · MLS 260013231
860 Bergen Ave
$4,450,000
Investment
Use
8
Units
16
Days Listed
About this property
Exclusive opportunity to acquire 860 Bergen Avenue (“Property”), on a 25x75 lot along with adjoining property at 10 Smith Street on a 25x74 lot. With as of right zoning to develop a luxury high-rise apartment community in vibrant Journal Square — Jersey City’s rapidly transforming central business district. Currently, the Property houses a mixed-use building totaling 6 apartments and 2 commercial spaces. Corner commercial space is vacant; and the rest of leases are on a short-term or month-to-month basis. The Property benefits from immediate proximity to the Journal Square PATH station, providing direct access to Manhattan in under 20 minutes and serving as a critical transit hub for the 10+ million annual PATH riders. Journal Square has emerged as one of the most dynamic neighborhoods in the New York metropolitan area, with over $2 billion in current real estate development and a multifamily pipeline exceeding 8,000 units either newly built or under construction. The Property is ideally situated and is a short distance from major employers including Goldman Sachs, JPMorgan Chase, and over 12,000 financial services professionals working in nearby offices. • Corner location with max visibility from all sides including skyline views of Manhattan and Jersey City • Offering an investor flexible development option including apartments, retail, commercial, theater, educational, e
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07306
MLS #260013231
Space
Units8
Stories3
ConstructionFrame
Building systems
SprinklersWet
Investment
Annual taxes$16,749
Est. gross income$156,000
Est. operating expense$30,000
Mixed useYes
Zoning & permitted use
Zoning and permitted-use codes are not published in the MLS IDX feed, so this page does not state one. Before you sign a lease or a contract, permitted use has to be confirmed with the Jersey City zoning office. Andrew Diaz can pull the full broker file and work that question through with you.
Location
Questions about this property
What is the asking price for 860 Bergen Ave?
The asking price is $4,450,000.
What is 860 Bergen Ave zoned for?
Zoning is not published in the MLS IDX feed, so this page does not state one. The listing describes the property as Investment, but permitted use must be confirmed with the Jersey City zoning office before you sign anything. Andrew Diaz can pull the full file and work that question through with you.
How do I tour 860 Bergen Ave?
Call or text Andrew Diaz at (551) 235-3473. He can arrange a walkthrough, pull the full broker file, and represent you through the purchase.
