96-110 Tonnelle| West Lafayette, IN
110 Tonnelle Avenue, Jersey City, NJ 07306
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.
Lot Size: 20,000 SF
Property Type: Land
Property Sub-type: Multifamily (land)
Zoning Description: Multi-Family, Residential
Listing ID: 19511328
Last Updated: 13 days ago
Journal Square Area
Zoning Approved for 130 apartments
Zoning approved for 4 retail stores/restaurants
Zoning approved for parking spaces
Area full of development
Commission Split 4%