216 Palisade AveJersey City, NJ 07306

For Sale
$4,500,000

Prime Palisade Ave land, 51-unit plan approved.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 6,640 square foot vacant land parcel at 216 Palisade Avenue in Jersey City, New Jersey, presents a unique opportunity for immediate development. Located within the city's designated Medical District, this fully approved project encompasses a 10-story building featuring a total of 51 residential units. The thoughtfully designed layout includes a mix of unit sizes to cater to a diverse range of residents: six studios, forty-three one-bedroom units, and two three-bedroom units. Residents will enjoy convenient access to a state-of-the-art resident gym and a relaxing rooftop deck, offering stunning views. The development also includes an 11-space parking garage, addressing the parking needs of residents. The property's prime location along Palisade Avenue provides easy access to a wealth of local amenities, enhancing its appeal and potential for strong rental income. With all necessary approvals in place, this site is ready for immediate construction, making it an exceptional investment opportunity in a thriving Jersey City neighborhood. The asking price for this remarkable development site is $4,500,000. The property is zoned for residential use within the Medical District of Hudson County, zip code 07306.

Highlights

  • 6,640 SF vacant land parcel in Jersey City's Medical District.
  • Fully approved 10-story, 51-unit residential building.
  • Unit mix: 6 studios, 43 one-bedrooms, 2 three-bedrooms.
  • Amenities include resident gym and rooftop deck.
  • 11-space parking garage.
  • $4,500,000 asking price.

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.736165
Longitude
-74.0491408
216 Palisade Ave, Jersey City, New Jersey

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216 Palisade Ave
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