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Bergen-Lafayette Infill Redevelopment 2 Properties Online Auction Sale Jersey City, NJ
Investment Highlights
- Combined, the commercial building and vacant development parcel provide multiple pathways for value creation within an active Jersey City corridor.
- Existing commercial improvements offer immediate utility and repositioning potential, preserving the ability to pursue expansion or redevelopment.
- Two blocks from the Liberty State Park Light Rail Station, providing direct access to Downtown Jersey City, the PATH system, and Manhattan.
- Adaptive Reuse Overlay zoning supports many uses, including residential, restaurant, community facility, recreational, and mixed-use concepts.
- Bergen-Lafayette is experiencing residential growth, with thousands of completed, under-construction, and proposed units reshaping the community.
- Nearly 60,000 residents, over 31,000 employees, and average household incomes above $154,000 within a mile radius support strong market fundamentals.
Executive Summary
Amid the ongoing transformation of Bergen-Lafayette, 279-281 Pine Street offers control of both a character-rich commercial building and an adjacent development parcel. Together, the properties comprise a 5,000-square-foot site with multiple pathways for value creation, from adaptive reuse and repositioning to future ground-up development.
At the center of the offering is a distinctive 4,500-square-foot commercial building originally constructed circa 1900. Rich in architectural character and currently used as a workshop, the property offers multiple avenues for value creation. Overlay zoning (A) further enhances flexibility by permitting a variety of potential uses, including residential, artist studios, community facilities, indoor recreational uses, restaurants, and mixed-use concepts, subject to applicable approvals.
The included 25-foot-by-100-foot vacant lot provides immediate development potential and substantially increases the site's overall utility. The combined parcel delivers flexibility rarely found in Jersey City's infill market, allowing investors to pursue new construction, expansion of the existing improvements, or a phased redevelopment strategy while capitalizing on a supply-constrained urban location.
Less than two blocks from the Liberty State Park Light Rail Station, the property benefits from direct connectivity to Downtown Jersey City, the PATH system, and Manhattan, while Interstate 78 and the New Jersey Turnpike provide convenient regional access. The surrounding neighborhood is undergoing a dramatic transformation, with numerous residential developments completed, under construction, or proposed nearby, creating a growing population base and strengthening demand fundamentals.
Bergen-Lafayette has emerged as a dynamic Jersey City growth corridor, driven by its proximity to Liberty State Park, Downtown Jersey City, and the Hudson waterfront. The neighborhood blends historic character with substantial new investment, attracting residents, businesses, and developers seeking alternatives to higher-cost locations closer to Manhattan. Market fundamentals remain strong, supported by rising rents, continued residential absorption, and a growing concentration of affluent, educated residents throughout the area. Within a mile radius of the property are nearly 60,000 residents, more than 31,000 employees, and average household incomes exceeding $154,000, while over 359,000 residents live within 3 miles.
Backed by a growing residential base, strong transit connectivity, and a flexible site configuration, 279-281 Pine Street is positioned to benefit from the continued investment and redevelopment activity transforming this section of Jersey City.
Property tours are by appointment only. Please contact the listing broker to schedule.
At the center of the offering is a distinctive 4,500-square-foot commercial building originally constructed circa 1900. Rich in architectural character and currently used as a workshop, the property offers multiple avenues for value creation. Overlay zoning (A) further enhances flexibility by permitting a variety of potential uses, including residential, artist studios, community facilities, indoor recreational uses, restaurants, and mixed-use concepts, subject to applicable approvals.
The included 25-foot-by-100-foot vacant lot provides immediate development potential and substantially increases the site's overall utility. The combined parcel delivers flexibility rarely found in Jersey City's infill market, allowing investors to pursue new construction, expansion of the existing improvements, or a phased redevelopment strategy while capitalizing on a supply-constrained urban location.
Less than two blocks from the Liberty State Park Light Rail Station, the property benefits from direct connectivity to Downtown Jersey City, the PATH system, and Manhattan, while Interstate 78 and the New Jersey Turnpike provide convenient regional access. The surrounding neighborhood is undergoing a dramatic transformation, with numerous residential developments completed, under construction, or proposed nearby, creating a growing population base and strengthening demand fundamentals.
Bergen-Lafayette has emerged as a dynamic Jersey City growth corridor, driven by its proximity to Liberty State Park, Downtown Jersey City, and the Hudson waterfront. The neighborhood blends historic character with substantial new investment, attracting residents, businesses, and developers seeking alternatives to higher-cost locations closer to Manhattan. Market fundamentals remain strong, supported by rising rents, continued residential absorption, and a growing concentration of affluent, educated residents throughout the area. Within a mile radius of the property are nearly 60,000 residents, more than 31,000 employees, and average household incomes exceeding $154,000, while over 359,000 residents live within 3 miles.
Backed by a growing residential base, strong transit connectivity, and a flexible site configuration, 279-281 Pine Street is positioned to benefit from the continued investment and redevelopment activity transforming this section of Jersey City.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 2 |
| Type of Ownership | Fee Simple | Total Building Size | 4,500 SF |
| Sale Type | Investment | Total Land Area | 0.12 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 4,500 SF |
| Total Land Area | 0.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
| 281 Pine St, Jersey City, NJ 07304 | Land | 2,499 SF | - |
| 279-281 Pine St, Jersey City, NJ 07304 | Retail | 4,500 SF | 1900 |
Sale Advisors
Sale Advisors
Bobby Antonicello Jr., CCIM, Broker Advisor
Bobby Antonicello Jr. specializes in commercial brokerage at Grid Real Estate LLC along New Jersey’s Gold Coast. He is best known for his expertise in retail leasing, investment sales, and redevelopment “dirt” deals in Jersey City. Spending much of his time on retail leasing, he strives to provide his clients creative solutions to produce income on their investments and help new/existing businesses succeed. He is profoundly loyal to each client. In his eyes, building and maintaining relationships are critical to the success of all parties.
Over the past six (6) years at Grid he has sourced some of the largest land transactions in Jersey City and worked alongside some of Jersey City’s largest redevelopment projects both on the advisory and the retail leasing side.
Bobby joined Grid Real Estate from CBRE where he was responsible for working with national retailers and institutional landlords on the retail leasing end, both in new development and shopping centers, throughout the state of New Jersey. Prior to CBRE, he was a leasing representative at the Palisades Center Mall with Pyramid Management Group where he canvassed and marketed multiple malls and power center properties in New York and Massachusetts. He managed all property inquiries and activity while compiling the prospective client database and conducting property visits with prospective clients. Prior to joining Pyramid, he interned with the Jersey City Redevelopment Agency and City Hall. It was here that he learned his true passion for development and developed a deep love for Jersey City.
Bobby earned a Bachelor of Arts Degree in Global Communication and a minor in Business from the Ramapo College of New Jersey and is in the process of completing his CCIM designation. He is a member of the International Council of Shopping Centers in New Jersey and the Urban Land Institute.
In his free time, Bobby enjoys playing golf, traveling and volunteering with his wife Leah at the Boys and Girls Club of Hudson County where they raise money to provide boxed Thanksgiving meals to families in Jersey City and Hoboken.
Over the past six (6) years at Grid he has sourced some of the largest land transactions in Jersey City and worked alongside some of Jersey City’s largest redevelopment projects both on the advisory and the retail leasing side.
Bobby joined Grid Real Estate from CBRE where he was responsible for working with national retailers and institutional landlords on the retail leasing end, both in new development and shopping centers, throughout the state of New Jersey. Prior to CBRE, he was a leasing representative at the Palisades Center Mall with Pyramid Management Group where he canvassed and marketed multiple malls and power center properties in New York and Massachusetts. He managed all property inquiries and activity while compiling the prospective client database and conducting property visits with prospective clients. Prior to joining Pyramid, he interned with the Jersey City Redevelopment Agency and City Hall. It was here that he learned his true passion for development and developed a deep love for Jersey City.
Bobby earned a Bachelor of Arts Degree in Global Communication and a minor in Business from the Ramapo College of New Jersey and is in the process of completing his CCIM designation. He is a member of the International Council of Shopping Centers in New Jersey and the Urban Land Institute.
In his free time, Bobby enjoys playing golf, traveling and volunteering with his wife Leah at the Boys and Girls Club of Hudson County where they raise money to provide boxed Thanksgiving meals to families in Jersey City and Hoboken.
Andrew Crisara, Broker-Salesperson
Andrew is a client-oriented real estate resource and has a passion for offering the highest level of expertise, service, and dedication to his clients and customers. As a 12-year resident of Jersey City, he has vast knowledge of the local market and its surrounding emerging neighborhoods. Andrew has a background in property management and new construction leasing and has helped facilitate growth for his developer clients, including leasing six Class A new construction buildings.
He earned the NJAR Circle of Excellence every year since 2016. Andrew thrives in a highly competitive real estate environment and will contribute to your success as a seller, buyer, investor, or developer through his diligence, responsiveness, and commitment.
He earned the NJAR Circle of Excellence every year since 2016. Andrew thrives in a highly competitive real estate environment and will contribute to your success as a seller, buyer, investor, or developer through his diligence, responsiveness, and commitment.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Pace Zambito
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
Contacts
-
Bobby
Antonicello Jr., CCIM
-
Andrew
Crisara
-
Ny/Nj Academy Of Ceramic Art Frank Bosco
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Presented by
Bergen-Lafayette Infill Redevelopment
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