196 Morgan St. Jersey City, NJ 07302

196 Morgan Street is a rare chance to own and develop a trophy asset in a supply-constrained, high-demand market. To say it is one of the
only true loft buildings in Downtown Jersey City is an understatement! Its unique loft aesthetic will guarantee a higher than average rent or
sales price compared to other sites in the neighborhood. The property has been owned in the same family for greater than two decades and
the rents reflect this at ±75% below market with no rent control. At the core of Downtown’s High Street retail corridor the site sits adjacent to
Van Leeuwen, Boots and Bones and Shake Shack. Retailers from across the river and the tri-state area all vie for an opportunity like this and
there is a strong likelihood that the retail space could have an executed LOI before the closing significantly helping with financing options.
The marketing plan here will show you the existing condition and income/expense report with a pro forma on the three units as well as a plan
based on maximum allowable density and how that will impact your returns if you choose to build it.