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96-110 Tonnelle| West Lafayette, IN

110 Tonnelle Avenue, Jersey City, NJ 07306

Description

Currently, a multi-family property with 15 units and 20 parking spaces, with an incoming yearly NOI/cash flow of $250,000. Situated in the extremely profitable, up-and-coming neighborhood of Journal Square, this building is now a development site approved for 130 LUXURY apartments AND four retail stores (See Proposal Drawings for details). This property is great for eager and creative developers who want to be a part of all of the action going on in JSQ by creating community living in the most populous county of New Jersey.

Journal Square says it all; get into the most populous and diversified part of Jersey City, NJ. Create, develop, and expand a community ripe for more living space and luxury. Luxury in the area continues to rise - and developers are eager to get in on the action. 19 Rock, Beacon Hill, and the Journal Square Tower are recent and soon-to-come luxury developments already taking over the JSQ area. See Renderings for potential design ideas.

96-110 Tonnelle
Vacant Land

Price: $

Lot Size: 20,000 SF

Property Type: Land

Property Sub-type: Multifamily (land)

Cable

Gas/Propane

Zoning Description: Multi-Family, Residential

Listing ID: 19511328

Last Updated: 13 days ago

Electricity/Power

Water

Telephone

Location Description

Journal Square Area

Zoning Approved for 130 apartments

Zoning approved for 4 retail stores/restaurants

Zoning approved for parking spaces

Luxury

Area full of development

Commission Split 4%

ELAND INVESTMENT