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$ 2,700,000
Est. payment /mo
New
344 PATERSON PLANK RD Jc Heights, NJ 07307
4 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260017408
Full Baths 4
Annual Tax Amount $38,062
Lot Dimensions 21.14' x 214.25' x 91'
Property Sub-Type Investment
Property Description
LOCATION. LOCATION. LOCATION!!!! BUY THE POSITION. BUILD THE UPSIDE. RARE JERSEY CITY HEIGHTS INVESTMENT & DEVELOPMENT OPPORTUNITY. Acquire THREE FULL FLOORS at 344 Paterson Plank Road in one bulk transaction. More than 4,250 combined sq. ft. Over 77% of the HOA voting interest. An extra-deep development lot. Palisade Avenue easement access. Architectural plans for the first phase of vertical expansion. This offering gives an investor or developer substantial ownership and scale within one Jersey City Heights property, with multiple potential strategies to create value. The property is located near the Congress Street / 9th Street Light Rail with access to Hoboken, Downtown Jersey City, NJ Transit, PATH connections, restaurants, cafes, parks, and major commuter routes. Unit 2 offers approximately 1,400 sq. ft. with two oversized bedrooms, a large balcony, direct private elevator entry, NYC skyline views, and a multi-level layout. Unit 3 provides an additional 1,300 sq. ft. full-floor residence with 2 oversized bedrooms, NYC Skyline views, and contributes to the buyer's substantial ownership and HOA voting position. The Penthouse offers approximately 1,530 square feet with 3 bedrooms plus den, 2 full bathrooms, direct private elevator entry, NYC skyline views, radiant floor heating, custom millwork, premium kitchen appliances, smart-home features. THREE FLOORS. 4,250+ SQ. FT. OVER 77% HOA VOTING INTEREST. MULTIPLE POTENTIAL VALUE-CREATION AND EXIT STRATEGIES. For the right investor, the opportunity is the combination of existing residential assets, substantial building ownership, development potential, and flexibility to determine the next phase of the property. BULK SALE ONLY. Unit 2, Unit 3, and the Penthouse must be purchased together. Architectural plans and supporting due diligence materials are available for review. Condominium governing documents will be provided once in Attorney Review. 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 3.0
Listed by NEIGHBORLY REALTY
Nearby Locations