Sponsors are looking to expand and are offering an opportunity to own undivided interest in a Downtown Jersey City real estate complex.
Demand for this asset type outweighs the supply. The Wall Street Journal (3/10/17) reports music consumption has more than doubled in the last 5 years and accounts for approximately 60% of the NYC' s $13.7 Billion Music Industry. More than 5 million tickets are sold each year for major music events "It is those live concerts and festivals where there is more demand than supply"
This state of the art Jersey City venue provides the facility needed to host those professional music concerts and productions. Only 10 minutes from the World Trade Center PATH, this music stage is poised to fill that unrealized demand.
Proforma and facility tour available with signed NDA. Ownership - $50,000 (minimum) - $2,900,000.
337 Newark Avenue has been transformed into a focal point for the arts, entertainment and food in Downtown Jersey City. It houses a 7,400 SqFt music/theater/event center and two thriving restaurants. Located in the prime business district, the historic facility has been fully renovated and is fully leased.
