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374 Summit Ave
Jersey City, NJ 07306
JSQ Multi-Fam · Multifamily Property For Sale
·
5 Units
Investment Highlights
- JSQ PATH train
- College Community
- JSQ Transportation Hub
Executive Summary
Two side-by-side properties in a designated redevelopment zone, totaling 50’ x 100’, present an extraordinary opportunity to shape the next chapter of Journal Square’s growth. Moments from transit, parks, and vibrant commercial corridors, this prime assemblage offers scale, flexibility, and prestige, perfectly positioned for developers seeking long-term value in one of New Jersey’s most dynamic urban markets. Ideal Uses: Student housing, residential, retail, or mixed-use development A few blocks from Journal Square PATH Station with unmatched access to New York City. High visibility with steady street traffic from two major campuses Located within one of New Jersey’s fastest-growing development corridors This is a rare offering with the potential to make a lasting impact on the future of Journal Square. I’d love to share additional details and discuss how this opportunity could align with your development goals.
Property Facts
| Price Per Unit | $383,821 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 5 | Building Size | 3,858 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1989 |
| Apartment Style | Low-Rise | Parking Ratio | 0.26/1,000 SF |
| Price Per Unit | $383,821 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,858 SF |
| No. Stories | 3 |
| Year Built | 1989 |
| Parking Ratio | 0.26/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 3 | - | - |
| 5+1 | 1 | - | - |
Property Taxes
| Parcel Number | 06-10801-0000-00004 | Improvements Assessment | $730,768 CAD |
| Land Assessment | $254,967 CAD | Total Assessment | $985,735 CAD |
Property Taxes
Parcel Number
06-10801-0000-00004
Land Assessment
$254,967 CAD
Improvements Assessment
$730,768 CAD
Total Assessment
$985,735 CAD
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