4
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$4,500,000
Est. payment /mo
Active
216 PALISADE AVE Jc Journal Square, NJ 07306
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UPDATED:
01/06/2025 04:05 PM
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240021623
Lot Dimensions 60.4X110
Property Sub-Type Vacant Land
Property Description
Fully approved 10-story senior housing (62 or Older) new development opportunity at 216 Palisade Avenue, Jersey City. Approved plans feature 51 units (6 studios, 43 one-bedroom, 2 three-bedroom), a Resident Gym, Rooftop Deck, and 11-space Parking Garage. Prime location along Palisade Avenue with easy access to retail and public transportation. "No Rent or Condominium Price Restrictions". Government Grants available such as CDBG, HOME and AHTF, by the housing and Urban Development, offering up-to 50% construction costs. Several banks offering low interest construction loans for underserved communities. Approved Land with Resolution, ready for immediate construction financing and development.
Location
State NJ
County Hudson
Area Jc Journal Square
Zoning Medical District
Listed by EXP REALTY LLC