614 Summit AveJersey City, NJ 07306

For Sale
$4,750,000

32-Unit Residential Project, Approved Plans

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 6,466 square foot lot at 614 Summit Avenue in Jersey City, New Jersey presents a lucrative investment opportunity. Located at the corner of Newark and Summit Avenues, this property boasts a prime location in the heart of Journal Square, just three blocks from the PATH train, numerous NY buses, and major highways. The approved project encompasses a substantial 39,204 square foot, eight-story building, complete with a rooftop and elevator. Plans include 32 residential units – a mix of seventeen two-bedroom and fifteen one-bedroom apartments. The property is zoned Journal Square 206 and features a private ownership structure. With a current asking price of $4,750,000, this represents a compelling price per square foot of $121.16. The site's convenient location, approved plans, and significant buildable area make this a truly exceptional development opportunity. Don't miss this chance to capitalize on the vibrant growth of Journal Square. Detailed floor plans are available upon request. APN: 06701.

Property Details for 614 Summit Ave

Property type
Other land, Land
Square Feet
39,204 SF
Stories
8
Units
32

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.7580025
Longitude
-74.0435528
614 Summit Ave, Jersey City, New Jersey

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614 Summit Ave
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