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Investment Highlights
- Approved plans for a five-story building with 12 residential units and one commercial space.
- Just a 10-minute walk to Grove Street PATH station for quick NYC access.
- Strong market fundamentals with high rental demand and limited development sites.
- Located in The Village, a highly desirable neighborhood in Downtown Jersey City.
- Surrounded by dining, retail, and entertainment options in a vibrant urban setting.
Executive Summary
The property’s prime location ensures exceptional connectivity, just a 10-minute walk to the Grove Street PATH station, providing direct access to Manhattan. Its proximity to the popular pedestrian plaza, Newport, and Historic Downtown enhances its appeal for future residents and businesses alike. With limited availability of development-ready sites in this corridor, this asset presents a unique chance to capitalize on Jersey City’s continued growth and strong rental demand.
Offered at $3,600,000, the site includes full architectural plans upon request. The approved design maximizes value with a modern residential layout and a versatile commercial component, catering to the area’s dynamic urban lifestyle. This is an outstanding opportunity to secure a premier development site in one of the most desirable markets in the region.
Property Facts
1 Lot Available
Lot
| Price | $4,923,108 CAD | Lot Size | 0.10 AC |
| Price Per AC | $49,231,079.58 CAD |
| Price | $4,923,108 CAD |
| Price Per AC | $49,231,079.58 CAD |
| Lot Size | 0.10 AC |
Description
Prime Development Opportunity in Downtown Jersey City Introducing 306-310 Newark Ave, a rarely available development site in the heart of Jersey City’s vibrant downtown. This unique property comes with approved plans for a 12-unit residential building, complete with a versatile commercial space on the ground floor—ideal for attracting retail or service businesses to cater to this bustling neighborhood. Strategically located just a 10-minute walk to the Grove Street PATH station and near the popular pedestrian plaza, this site offers unmatched convenience for commuters, providing a quick and easy transit option to NYC. Downtown Jersey City’s continued growth, coupled with limited availability of development-ready sites, makes this an exceptional investment opportunity. Seize the chance to build in a sought-after area with high rental demand and close proximity to dining, entertainment, and key transit hubs. Don’t miss out on adding this rare asset to your portfolio!
Property Taxes
| Parcel Number | 06-09902-0000-00001 | Improvements Assessment | $136,117 CAD |
| Land Assessment | $1,862,081 CAD | Total Assessment | $1,998,198 CAD |
Property Taxes
Presented by
306-310 Newark Ave
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