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$1,950,000
Est. payment /mo
New
146 ACADEMY ST Jc Journal Square, NJ 07302
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260021958
Lot Dimensions 68.9X63.5
Property Sub-Type Investment
Property Description
Offering a shovel ready opportunity in Jersey City's highly sought-after neighborhood of Journal Square, 146 Academy Street is a fully approved, 13-unit project positioned for developers seeking strong rental potential. Boasting desirable southern exposure and unobstructed city views, this exceptional property offers an opportunity to capitalize on the continued transformation of one of Jersey City's fastest-growing neighborhoods. The site also presents potential for a larger-scale six-story development opportunity, subject to separate acquisition and approvals. Inquire for additional details. The approved plans call for a four-story elevator building thoughtfully designed by RA Design, featuring spacious residences and desirable indoor and outdoor amenities. The basement provides dedicated utility space, while the first floor features four residential units and floors two through four offer three residences per floor. Designed with future rentals in mind, residences offer generous layouts with the ability to accommodate approximately one- and two-bedroom units, along with dedicated living, dining, and kitchen areas and in-unit washer/dryers. Select second-floor residences feature private outdoor roof spaces, while upper-floor units offer private balconies, providing valuable private outdoor space throughout the building. The property's southern exposure allows for abundant natural light, while unobstructed city views further enhance the appeal of the residences and outdoor spaces. The fifth floor is dedicated to indoor and outdoor amenity space, presenting the opportunity for a fitness center, resident lounge, community room, or similar use, complemented by an expansive roof deck with ample room for multiple seating and gathering areas. With sweeping, unobstructed city views and excellent southern exposure, the rooftop presents an opportunity to create an inviting resident retreat and standout amenity. Located just minutes from the Journal Square PATH Station, 146 Academy Street provides convenient access to Downtown Jersey City, Exchange Place, and Manhattan, including the World Trade Center. The property sits near the rapidly developing McGinley Square neighborhood and is surrounded by restaurants, schools, pharmacies, neighborhood markets, shopping, and everyday conveniences. Be part of the renaissance of Journal Square. As the neighborhood continues to evolve with new residential developments, expanding retail, and ongoing investment, 146 Academy Street offers an opportunity to establish a presence in one of Jersey City's most dynamic growth corridors. With approvals already in place, desirable southern exposure, unobstructed city views, and thoughtfully designed residential and amenity spaces, this shovel-ready project presents a compelling opportunity for developers and investors looking to capitalize on the area's continued momentum. Reach out today for additional information or to schedule a private tour.
Location
State NJ
County Hudson
Area Jc Journal Square
Listed by EXP REALTY LLC
Nearby Locations
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