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$ 1,950,000
Est. payment | /mo
3 Baths
$ 1,950,000
Est. payment | /mo
3 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260017408
Full Baths 3
Annual Tax Amount $26,030
Lot Dimensions 25.14x214.16
Property Sub-Type Investment
Property Description
LOCATION. LOCATION. LOCATION!!!! BUY THE POSITION. BUILD THE UPSIDE. This is the investment play buyers rarely get in Jersey City Heights: acquire Unit 2 and the Penthouse together at 344 Paterson Plank Road, giving the buyer two full-floor residences, approximately 2,950 combined square feet, majority ownership in the building, Palisade Avenue easement access, and attached architectural plans for the first phase of the build-up. This is not a standard condo sale. It is a strategic bulk sale designed for a buyer looking to create value through ownership position, scale, and flexibility. Located in a PRIME LOCATION near the Congress Street / 9th Street Light Rail, NJ Transit, Hoboken, Downtown Jersey City, restaurants, cafes, parks, and major commuter access, the property offers strong end-user, resale, rental, and long-term hold potential. The opportunity is in the exit strategies. A buyer may evaluate renovating and reselling the units separately, holding both residences as income-producing assets, reconfiguring each full floor into two units, or building above the Penthouse and expanding the property. Unit 2 offers approximately 1,400 square feet with a large balcony, two oversized bedrooms, direct private elevator entry, NYC skyline views, and a multi-level layout. The Penthouse offers approximately 1,530 square feet with direct private elevator entry, NYC skyline views, custom finishes, 3 bedrooms, a den, 2 full bathrooms, radiant floor heating, custom millwork, premium kitchen appliances, smart-home features, and 1-car parking. The value is not just in what exists today. The value is in what the next buyer can potentially create. Bulk sale only. Unit 2 and the Penthouse must be purchased together. Plans and supporting documents are available for review. Condominium governing documents will be provided once in AR. Buy majority ownership in a small Jersey City Heights building, acquire two full floors, control the upside, and use the attached build-up plans to evaluate the next phase.
Location
State NJ
County Hudson
Area Jc Heights
Exterior
Garage Spaces 2.0
Listed by NEIGHBORLY REALTY
NEARBY SCHOOLS & PROPERTIES
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