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Property Description

Shovel Ready Development Site Central Avenue

New to market development site with permits in hand! Former medical building seeing new life with mixed-use approvals slated for 6 residential units over 1 retail space + amenities. The site is currently a 1 story plus mezzanine masonry building sitting on a 25 x 88 sf lot. Initial demolition work has begun and the building will be delivered as a shell. The plan is to remove the mezzanine level and the front and back walls, reinforce the existing side walls and structure with piers, and then add 4 floors above the ground floor, yielding a five story mixed used, direct access elevator building with one commercial space on the ground floor and six residential buildings above.

Site will consists of 4 one bedroom + den units at 873 sqft and two 3 bedroom full floor units at 1,711 square feet. A full roof deck is designed for the rear portion to be a private deck for the pent house unit and the front portion will be shared for all units. This project comes with a signed Planning Board Resolution for Minor Site plan with C variance for 5 ft rear yard set back.

Address Map
433
Central Ave
07305

433 Central Ave, Jersey City, NJ 07307

433 Central Ave, United States, New Jersey

2,200 Sqft
$1,550,000
Basic Details
Property Type : Land
Listing Type : Sold
Asking Price : $1,550,000
Square Footage : 2,200 Sqft
Frontage : 25 FT
Location : View on Google
Residential GSF : 10,207
Agent info
Gregory D. Edgell
GRID Real Estate
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