The amazing opportunity in Journal Square you've been waiting for has arrived

140 Bay St, Suite 1 Jersey City, NJ 07302
Phone: 201-225-8655
Fax: 201-604-6474
Courtesy of WEICHERT REALTORS (201-653-8488)


JC, Journal Square NJ 07306
Cross street:Central and Summit


Ownership: For Sale
Type: Multi-Family
Rooms: 2
Bathrooms: 2
Pets: No Pets


Price: $899,000


The amazing opportunity in Journal Square you've been waiting for has arrived. Gorgeous and meticulously maintained brick 2 Family home PLUS huge parking lot for up to 10 cars! The property sits on a massive 50x129 contiguous double lot located less than a mile from Journal Square Path Plaza in Jersey City. The first floor unit boasts a 3 bedroom with a private outdoor courtyard, perfect for entertaining, BBQ-ing,and a city escape. The outdoor space is fenced in and is completely separate from the parking area so that you can let children and pets out with confidence. The second floor apartment is a gorgeous and very spacious 2 bedroom home with living room, dining room, and gorgeous hardwood floors. Both units have excellent appliances including built in microwaves and dishwashers. Pride of ownerships shows. The home has been very well maintained by the same owners for 30 years. Many upgrades include new windows, new boilers, and brand new sidewalk in front of the home. The location is ultra convenient being close to the PATH, buses to NYC, the park and reservoir around the corner, and the shopping district on Central Ave close by. The parking lot has 6 parking spaces (all painted, numbered, and organized) and 4 garages totaling 10 usable spaces. The owner currently rents the spaces to residents in the area which are in high demand for additional income. The home also has an abundance of storage space in the basement which includes washing and drying machines for your convenience. The home has two separate heating systems and hot-water heaters which were recently upgraded which is attractive for a but and hold investor. The possibilities and value plays for the home are endless. One may consider using the home as a very nice residence with supplemental income in the other unit or investment property. Each lot measures 25x129; building a new 2 family on the parking lot, or both, is permissible. The total combined lot is 50x139 located less than a mile from the PATH station and developers are welcome. This is a chance to acquire a truly unique and very valuable property and be part of the action in booming Jersey City.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.