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Under Contract

100% Occupied Mixed-Use (Warehouse/Garages/Residential)

Multifamily

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Under Contract

Property is under contract
Address 

901 Paterson Plank Rd, North Bergen, NJ 07047

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Date Added
Mar 9, 2023
Days on Market
740 days
Time Since Last Update
21 days

Details

Property TypeMultifamily
SubtypeApartment Building
Net Rentable (sq ft)8,485
Occupancy100%
Year Built1916
ZoningR-1
Lot Size (acres)0.144

Marketing Description

Marcus & Millichap is pleased to exclusively present 901 & 905 Paterson Plank Road, North Bergen, Hudson County, New Jersey.​

Investment Highlights

Prime +/- 8,485 SF North Bergen Site Offering an Investor a Tremendous Development Opportunity in the New York City Metro Area

A+ Corner Property with Two Points of Ingress and Egress on Paterson Plank Road and 9th Street

3 Miles to the Lincoln Tunnel Connecting Weehawken New Jersey to Midtown Manhattan

Neighboring Property Recently Granted Municipal Approval to Develop a 28-Unit Multi-Family Development Project On a Similar Lot Size and Similar Lot Configuration

Property is Currently Zoned R-1: Low-Density Residential

Existing Structures Include a 2-Story Residential Structure and Single-Story Warehouse/Garage Allowing for Easy Demolition

Easy Access to Major Highways and Transportation – Minutes From Rt. 495, Rt. 3, Rt 1&9 and Lincoln Tunnel  

Close Proximity to Union City, Hoboken and Jersey City, New Jersey

Superior Demographics: Over 250,000 People With an Average Household Income of Over $144,000 Within 3 Miles of the Subject Property

Nearby National Tenants Include: ShopRite, Dollar General, Aldi, Starbucks, Dunkin', Chase Bank, Popeyes and KFC

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