400 7TH ST, JC, Downtown, New Jersey, 07302

400 7TH ST
JC, Downtown NJ 07302

Property

Ownership: For Sale
Type: Land
Pets: Pets Allowed

Financials

Price: $7,500,000
Annual Taxes: $2,020
140 Bay St, Suite 1 Jersey City, NJ 07302
Courtesy of COLDWELL BANKER REALTY ()

Description

400 7th Street is an approved 62 unit 8 story building with super-efficient layouts, plus a 9th floor amenity space that can be utilized for a gym or a club house. The ability to drive $/sqft on this project while still meeting an universal price point that is acceptable to the masses is one of the many selling features of this property. The property is located in the village section of downtown Jersey City with easy access to shopping, parks, restaurants and transportation. The current breakdown of units - ELEVEN studios, TWENTY THREE one bedroom and TWENTY EIGHT two bedroom totaling 57k sqft buildable and 41k sellable. However, the NC zone offers may options of flexibility for design. This project can be built smaller and cheaper, meaning someone can choose do a 5 story project ~ 38 Units or the developer choose to do just 7 units a floor. Many options that I am happy to walk through.

Neighborhood

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400 7TH ST Land New Jersey

Description

400 7th Street is an approved 62 unit 8 story building with super-efficient layouts, plus a 9th floor amenity space that can be utilized for a gym or a club house. The ability to drive $/sqft on this project while still meeting an universal price point that is acceptable to the masses is one of the many selling features of this property. The property is located in the village section of downtown Jersey City with easy access to shopping, parks, restaurants and transportation. The current breakdown of units - ELEVEN studios, TWENTY THREE one bedroom and TWENTY EIGHT two bedroom totaling 57k sqft buildable and 41k sellable. However, the NC zone offers may options of flexibility for design. This project can be built smaller and cheaper, meaning someone can choose do a 5 story project ~ 38 Units or the developer choose to do just 7 units a floor. Many options that I am happy to walk through.

Neighborhood

More listings:

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