Jan. 10, 2017
With luxury housing, a vibrant dining scene, eclectic neighborhood shops, and waterfront commercial development, Paulus Hook has become one of Jersey City’s most in-demand neighborhoods. Now, one of its most visible corners is up for sale.
The mixed-use, two and three-story buildings at the southeastern corner of Montgomery and Warren are now available for sale as a package for $5.65 million. The combination of 103 Montgomery St. and 260-262 Warren St. includes three commercial units on the lower levels and four residential units on the floors above.
Located at 103 Montgomery is a true Jersey City institution: Komegashi, the Japanese restaurant serving sushi to JC residents since 1990. It occupies the basement and ground level; above it is a 1,320 sq. ft., 3-bedroom residential space.
The businesses at 260 and 262 Warren are Lisbon Pizzeria, one of the best no-nonsense slice shops in town, and Liberty Dry Cleaners. Above these are three studios ranging from 360 to 470 sq. ft., each recently gut renovated.
Brand new residential buildings sit on either side of this high-visibility intersection, a testament to its popularity. It’s in the heart of the downtown Jersey City financial district, just a five-minute walk away from the Exchange Place or Grove Street PATH stations.
The mixed-use buildings at 103 Montgomery St. and 260-262 Warren are a turnkey investment with great cash flow, perfect for the long-term investor.
The property is listed by Nest Seekers International; for more information visit the listing website, contact Marc Brenner at 201-920-8563 or MarcB@nestseekers.com or Andrea Perrotti at 781-526-9994 or AndreaP@nestseekers.com.
|*TURN KEY INVESTMENT* 3 Commercial/4 Residential Units - DT Jersey City|
Licensed Real Estate Salesperson