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161 VAN WAGENEN AVE, JC, Journal Square, NJ 07306

  • $3,150,000

  • MLS#: 160005271

Listing Presented By

JANIE SPATARO
ROBERT DE RUGGIERO, INC.
(201) 617-7111

Industrial - JC, Journal Square, NJ

Existing Building: 2 Story, 21,000 sq ft., Runs Street to Street , from Van Wagenan Ave to Corbin Ave. Lot Size is 61x240 Excellent condition, with recently inspected sprinkler and freight elevator. Property is in a R-3 zone and "as a right' can be 6 stories over parking (total 8 stories)POSSIBILITY OF 100+ units "as a right" or 4-Four Family Building. Adaptive reuse of existing building offers many possibilities. Proposed plans exist for a new ground up 58 unit building with 35 parking spaces. 41,788 s/f of rentable space. Currently apartments are renting at an average of $38 s/f. The property is located on the same city block as the former Puccini Restaurant which was recently purchased for a reported $19,500,000. The buyer plans to develop the four-acre site into a mixed-use complex comprised of more than 500 residential units, as well as ground-floor retail, which will enhance greatly the area's streetscape.

  • $3,150,000
  • Commercial
  • MLS#: 160005271
  • Square Footage: 21,000
  • Last Updated: August 4, 2016
  • Posted: April 14, 2016

161 VAN WAGENEN AVE, JC, Journal Square, NJ 07306 MLS#: 160005271

161 VAN WAGENEN AVE, JC, Journal Square, NJ 07306 is an , Commercial in Jersey City, New Jersey for $3,150,000 with MLS#: 160005271 and offered by JANIE SPATARO of ROBERT DE RUGGIERO, INC.. To learn more about 161 VAN WAGENEN AVE, JC, Journal Square, NJ 07306 contact JANIE SPATARO for more information or to request a showing.


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