GRID Real Estate, LLC (“GRID”), has been exclusively engaged by SE Management LLC, to sell 366 Westside Avenue at Westside Station, Jersey City, located on the Westside of Jersey City adjacent to the New Jersey Transit, Westside Light Rail Stop in Jersey City. This well positioned, 32 unit, mixed-use building, in the heart of Westside Station, offers a truly unique opportunity to own a recently constructed contemporary multifamily, exempt from rent control, in one of Jersey City’s fastest growing growth corridors.
366 West Side Ave, Jersey City NJ
366 West Side Ave, United States, New Jersey
Located on in one of Jersey City’s most stable communities, Westside Station, 366 Westside Avenue is ideally located for both quick access to New York City and the creative community growing along with the University. Westside Avenue is the major north- south corridor in Jersey City connecting the vast westside of Jersey City, 366 Westside Avenue, has an ideal location, in one of Jersey City’s fastest growing neighborhoods, moreover, the growth of New Jersey City University’s (NJCU), University Place development has been a game changer for the westside.
The “property” represents one of the few recently built transit oriented multifamily assets on the market. The upside potential for the Property is extraordinary and the opportunity to add value as the community evolves is strong. As with most neighborhoods in Jersey City, the commute to Manhattan is among the best available in the region, with close proximity to major public transportation options. The Property sits directly on the Westside Light rail stop. The light rail line connects to the Exchange Place PATH stop and provides a 7 minute commute to the Oculus-World Trade Center Transportation Hub. The transportation
options provide convenient connections to everything in the region, including the three major airports.
The Property was built in 2013 and comprises approximately 37,169 square feet, not including a 1,433 square foot terrace. The five (5) story, 32 unit structure contains twelve (12) one (1) bedroom, one (1) bathroom, eleven (11) two (2) bedroom, one (1) bathroom units, five (5) Studio apartments and four (4) three (3) bedroom, two (2) bathroom units and one (1) commercial retail unit. The property is located on a 68x122 square feet lot, 8,342 Square feet or .19 acres. The Property has one (1) elevator.
The Property is located on tax block 22203, lots 5.
The sale of 366 Westside Avenue at West Side Station, offers an exceptional “buy and hold” opportunity in one of the Gold Coast fastest growing neighborhoods, Westside Station. As Jersey City continues to evolve into a 24/7, live, work and play community, Westside Station will play a key role in that process, providing high quality, unique, diverse and creative community.