424 WHITON ST Jersey City, NJ 07304

$11,500,000
424 WHITON ST, Jersey City, NJ 07304
180009128

Commercial Property for sale in Jersey City, NJ

for $11,500,000. The lot size is 75x100.

Property Information

  • $11,500,000
  • Commercial
  • Taxes are $96,000
  • Investment
  • Active
  • 6 Floors
  • Lot size of 75x100
  • Jersey City, NJ
  • Liberty State Park Neighborhood
  • Hudson County
  • MLS/Web ID is 180009128

Description

424 Whiton is a brand new-construction, concrete and steel, ENERGY STAR rated, 30-unit, luxury apartment building located in one of the most highly anticipated "new" neighborhoods just outside of DOWNTOWN Jersey City. The unit mix consists of (10) two-bedroom, (5) one-bedroom + den, and (15) one-bedroom residential units, 3 units have 500 sq/ft balconies, and several with city views. Building amenities include an elevator, common outdoor roof deck, 14 covered parking spaces, virtual doorman, wheelchair access, mail/package room, in-unit washer/dryer, as well as high-end finishes. A more centrally located option than Journal Square, it is no wonder that many of New Jersey's premier and in-the-know developers have already broken ground in the immediate area. With hundreds of units currently being built and hundreds more on the way, the triple digit appreciation that Bergen Lafayette has experienced over the last two years is destined to grow even stronger. Conveniently located just four short blocks north of the Liberty State Park Station (5 minute walk), which brings commuters to downtown Jersey City in 3 minutes (1 stop) and to Exchange Place to Manhattan in 9 minutes (4 stops), 424 Whiton is an attractive alternative to those seeking a downtown living experience at a more affordable rate. Liberty State Park is a 10-minute stroll down Johnston Ave while Communipaw Ave, booming with new mixed-use development, offers residents trendy new coffee shops, bars and restaurants in under 10 minutes walking as well. The subject offering is a rare opportunity to get in early and own a meticulously crafted apartment building in the most exciting and well-positioned 'new' neighborhood in Jersey City. The asset is turn-key and offers investors a strong return and will surely benefit enormously from the vast amount of mixed-use and residential development currently underway in the immediate area.

Interior 1

Heating Source

  • Gas

Exterior 1

Parking

  • 1-20 Parking Spaces

Miscellaneous 3

Accessibility

  • Handicap Access

Commercial

  • Elevator (Passenger)

Location

  • Freestanding

† Excluded Feature

Listed By

Broker: VUE REALTY GROUP LLC
Phone: (201) 683-8700

424 WHITON ST, Jersey City, NJ, 07304 is a Commercial Property for sale at $11,500,000 with a lot size of 75x100. 424 WHITON ST has 0.0 baths. The property's zip code is 07304 which is in Jersey City, NJ

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Market Pricing

Average % of sale price Median % of sale price
All listings in Jersey City $808,936 93 % below $640,000 94 % below
Commerical listings in Jersey City $1,550,441 87 % below $1,155,000 90 % below
Sold listings in Jersey City $183,500 98 % below $0 100 % below

Get the facts about Jersey City, NJ!

Population 263,969
Population Growth (since 2000) 10 %
Median Income $61,705
Median Age 35.73
Households w/ Children 27 %

Residential Dwellings

  • Owned 30878
  • Vacant 11364
  • Rented 73079

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