$1,800,000
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 first floor and two apartments above, offers an exceptional development opportunity in the fast-growing Journal Square area. Just 2.5 blocks from the Journal Square Transportation Center, the location provides easy access to local bus services and the PATH train station, offering direct routes into NYC. Situated in the Journal Square Redevelopment Zone, this property presents a variety of possibilities for developers and 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.

  • Construction Details
      • StyleRes/Com Mixed
      • Property TypePurchase
      • SubstyleOfc/Apt
    • Condition
      • Year Built1900-1939, Renovated, 2010's
  • Community and Neighborhood Details
      • CountyHUDSON
  • Financial Details
      • Taxes Annual$11,257
  • Other
      • MLS #24031676

Location

Keepsake Commercial RealtyReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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