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- LoopNet Team
338 Newark Ave
Jersey City, NJ 07302
Commercial Investment Property · Multifamily Property For Sale
·
35 Units
Investment Highlights
- Rare commercial condo unit on Newark Ave!
- Income producing!
Executive Summary
Located along busy Newark Ave surrounded by hundreds of new residential rentals and condos. 338 Newark Ave is a 35 unit luxury condo building located in the heart of “The Village Neighborhood.” Located across from White Eagle Hall Concert Venue and Downtown Jersey City’ largest middle school. Unbelievable visibility on Newark Ave with an easy walk to Hamilton Park, Van Vorst Park and Journal Square. Located along “Restaurant Row” which includes bars, cafes, galleries, parks and world class public transportation. Fantastic Zoning. 1/3 of the space currently rented to Paloma JC Hair Salon. Electric HVAC and bathrooms already in place perfect for move in ready tenant.
Property Facts
| No. Units | 35 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 47,639 SF |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2023 |
| Building Class | B | APN / Parcel ID | 06-09804-0000-00023 |
| Zoning | NC - Neighborhood Commercial | ||
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 47,639 SF |
| No. Stories | 7 |
| Year Built | 2023 |
| APN / Parcel ID | 06-09804-0000-00023 |
| Zoning | NC - Neighborhood Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Fitness Center
- Grill
- Package Service
- Roof Terrace
- Storage Space
- Bicycle Storage
- Elevator
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
| 1+0 | 15 | - | - |
