321-5 Pavonia Ave

Description

Rarely does a corner brownstone this well-positioned come to market with income already in place. This quaint two-bedroom, two-bath residence occupies the upper floors of a classic corner building just two blocks from Hamilton Park — one of Downtown Jersey City's most beloved green spaces and the heartbeat of a neighborhood that continues to attract national attention. The intimate, thoughtfully scaled rooms carry the warmth of a home that feels curated rather than oversized, with in-unit combo washer/dryer adding everyday convenience. Below, the recently updated commercial space is home to an established, fully occupied restaurant tenant that has quickly become a neighborhood favorite. The tenant covers all utilities except gas, providing an investor-friendly structure that reduces carrying costs from day one. This property serves three buyers well. The condo shopper finds comparable square footage and authentic brownstone character with a commercial unit working for them. The multi-family buyer new to mixed-use will discover that a long-term commercial tenant offers stability and cost protections residential units rarely match. The investor needs only look at the location — Hamilton Park, steps from the Grove Street PATH, embedded in a walkable dining corridor that continues to appreciate. The residential unit is vacant, offering a clean slate for the owner-occupant or incoming tenant. Brownstone ownership. Corner lot. Built-in income. Two blocks from the park.