196 Morgan Street Jersey City
Mixed Use | 7,000 SqFt
Marketing description
Grid Real Estate has been retained exclusively to market for sale this rare opportunity for redevelopment 1/2 block from Grove Street PATH station and Restaurant Row. This building is currently sitting with month to month tenancy with rents 75% below market. Building has three sides of exposure and entire eastern facade boasts 18 windows and views of New York City. As of right zoning in the Morgan Grove Marin RDP allows additional FAR. First floor tenancy is a dance studio while second and third floor are residential units with multiple bathrooms and W/D. Non functioning elevator in place.
Repositioning building with market rate NNN retail tenancy will significantly expand cap rate and will help LTV/acquisition. Showings start immediately. Please inquire today.
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1/2 Block From Grove Street Path
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