44 Cottage St

Description

EXP Realty has been exclusively retained by Ownership to offer for sale their fee simple interest in 42, 44, 44A and 46 Cottage Street properties, an assemblage that took 7 years to combine, consisting of 9,052 square feet of land, in the 2060 Redevelopment Zone 4 of Journal Square, the highest redeveloping area of Jersey City, Hudson County, New Jersey, which is also strategically located in an Opportunity Zone. The land currently hosts one to two family housing, three of the four properties are currently rented and will be delivered vacant at closing. The houses do not posses any historic significance and can be fully demolished to build new contemporary building. As per the site analysis study conducted by Anthony C. Vandermark, the Principal Architect at MVMK Architecture & Design, the site is zoned for 6 stories / 64 00, As of Right Residential Project, 46,125 SQFT Constructible and 38,438 SQFT Sellable / Rentable. 50-54 Units with Studios. Site Area qualifies for Zone 4 Office Bonus of 2 Additional floor. No parking being provided which is permitted. *Optional 9th floor could be approved at 101-08 in height with 10% affordable provided. 9 Story Structure will be classified as a High-rise with Related Code Requirements. Site is currently surrounded by tons of Restaurants, Caf, Supermarkets, Banks, Hospitals and Corporate Offices. Its conveniently located steps from Homestead Place, a new walkway extension of Homestead Place which has lead to 7, 20 27 story high-rise buildings with an influx of over 2000 new construction units. The gentrifying neighborhood is evident by the new construction residential and mixed use projects surrounding the site. The upcoming Homestead Place Pedestrian Plaza will house many new cafe, restaurants, office and retail spaces surrounding the area, a street referred most commonly as being similar to Stone Street in Manhattans Financial District. A quick 5-minute walk from the site provides access to the Journal Square Path Train, # 1 transportation hub in Jersey City, and arrive New York City within sixteen minutes via the Path train. In addition, the site provides quick access to Newark Airport, JFK Airport and LaGuardia Airport via major roadways such as Route 1, Route 9, and I-78. Two One Two, Eight Four Four, Nine Three Nine Three, for all questions or appointments.