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New Jersey Real Estate

161 Van Wagenen Ave, Jersey City, NJ 07306

[Jersey City Real Estate, listing number 6672006]



Description: 6672006
   2 Story, 21,000 sq ft., Runs Street to Street from Van Wagenan to Corbin. Lot Size is 61x240
Redevelopment:Property is in a R-3 zone and as a right' can be 6 stories over parking (total 8 stories) or 4 - Four Family Building. Adaptive reuse of existing building offers many possibilities. Email listing agent your business card for Information package.
Proposed plans exist for a new ground up 58 unit building with 35 parking spaces. 41,788 sq ft of rentable space. Currently apartments are renting at an average of $38 sq ft.
The property is located on the same city block as the former Puccini Restaurant which was recently purchased for a reported $19,500,000. The buyer plans to develop the four-acre site into a mixed-use complex comprised of more than 500 residential units, as well as ground-floor retail, which will enhance greatly the area' s streetscape.

Details:
   Property Type: INDUSTRIAL
   Square Feet: 21000

Financials:
   Price: $3,150,000
   Taxes: $22,446

 

Robert De Ruggiero Inc, Realtors
Janie Spataro
Sales Associate
Office: 201-617-7111

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