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Located on the corner of Warren and Sussex Streets, this three property assemblage offers developers and investors a unique redevelopment opportunity in one of downtown Jersey City’s most sought-after neighborhoods.
The properties include 221 Warren Street, a four-story brick row home on an oversized 43’x100’ lot containing two massive residential units above a two-level, approximately 3600 square feet commercial space, that has been the Bromirski Funeral Home for over 120 years.
Directly adjacent is 217 Warren Street, a four-story building with three renovated residential units above a second, approximately 900 square feet commercial space, which is perfect for a great neighborhood business. All of the residential units are in an excellent condition and offer immediate cash flow while planning the site’s redevelopment.
Lastly, at 215 Warren Street there is a buildable 25’x100’ corner lot, currently being used for parking.
The total overall footprint of all the properties is 89.5’ x 100’.
The entire package contains 5 residential and 2 commercial units with the as-of-right ability to build another 4 story building on the vacant lot.
Paulus Hook is known for its beautiful, tree-lined streets, with row after row of historic brownstones. To the east, there are spectacular views of Manhattan skyline and Manhattan Bay. To the south, the neighborhood borders the Morris Canal Basin and overlooks Liberty State Park. Numerous transportation options are nearby including the Exchange Place PATH, NY Waterways Ferry, and the Hudson-Bergen Light Rail.
Rarely does an opportunity arise to purchase three adjacent properties in such a desirable neighborhood. A creative development group with a vision could easily capture the site’s unused potential while still maintaining the historic charm of the properties.
For more information or to schedule a private tour, contact listing agent Kamilla Miesak of Keller Williams City Life JC at 201-213-8479 or [email protected].
Listing: 215 Warren Street, Jersey City
Listing: 217 Warren Street, Jersey City
Listing: 219-221 Warren Street, Jersey City
Agent: Kamilla Miesak / Keller Williams City Life JC
[gmap height=”250px”]215 Warren Street, Jersey City, NJ 07302[/gmap]
215-221 Warren Street, Jersey City, NJ 07302