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86-92 Ocean Ave - Development Site
0.3 Acres of Residential Land Offered at $1,899,000 in Jersey City, NJ 07305
Investment Highlights
- “Shovel Ready”
- Perfectly located by 440, RT 78, Trump International and North Bayonne, just minutes from Danforth Light Rail.
- Approved for a 6-story building consisting of 35 Residential units, 1 commercial unit, shared private outdoor area and parking.
- Fully approved and ready for permits to be pulled
- Approximate total buildable sqft of 45,000 with an approximate NET sellable sqft of 31,000.
Executive Summary
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts Under Contract
| Price | $1,899,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.30 AC |
| Price | $1,899,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.30 AC |
1 Lot Available
Lot 33-36
| Price | $1,899,000 | Lot Size | 0.30 AC |
| Price Per AC | $6,330,000 |
| Price | $1,899,000 |
| Price Per AC | $6,330,000 |
| Lot Size | 0.30 AC |
Block: 30101 Lot: 00033 01 - 102.80X128.79 IR
Description
“Shovel Ready” project, fully approved and ready for permits to be pulled. This sleek building is perfectly located by 440, RT 78, Trump International and North Bayonne, just minutes from Danforth Light Rail. The property is approved for a 6-story building consisting of 35 Residential units, 1 commercial unit and the building has a great shared private outdoor area and parking. The development consists of FIVE 1-bedroom units, TWENTY 2-bedroom units, FIVE 3-bedroom units and FIVE studios. Approximate total buildable sqft of 45,000 with an approximate NET sellable sqft of 31,000. Property can be delivered “ready to go” which makes this easy on finance and timing for construction.
zoning
| Zoning Code | Mixed-Use |
| Mixed-Use |
-
Patrick Southern -
Coldwell Banker
Presented by
86-92 Ocean Ave - Development Site
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