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Over the past decades, a loft craze has taken over NYC with demand for wide-open, post-industrial buildings hitting a fever pitch. This trend has spilled over the river as well, with Jersey City loft buildings regularly commanding prices at the higher end of the market.
From the nondescript exterior of this 2-story home on Third Street, it’s hard to picture the raw open space that lies just inside. In true loft fashion, the wide-open 2,375 sq. ft space features 10’ ceilings, soaring wood beams, and exposed brick walls. For a couple that enjoys an open living space, the property provides the space and open floor plan found in the traditional Soho artists lofts. In fact, both tv commercial and film directors have used the space for high-end location shoots.
311 3rd St Unit 1 offers buyers a blank canvas to create a customized space uniquely their own. But, tackling a renovation project alone isn’t for everyone and so listing agent, Patrick Southern of Pure Properties, has teamed up with leading Jersey City design-build firm Dixon Projects. The team has already spec’d out the space and created two different renovation scenarios at different price points.
The first scenario works within the confines of a more modest budget and updates the areas most sought after by home buyers — the kitchen and bath. There are also allocations for new hardwood flooring throughout the front half of the home, new partitions and skylights around the rear bedrooms, as well as new doors and paint throughout. (Renovation cost approx. $115,000)
The second option, takes a more holistic approach, starting with the home’s mechanicals, it adds new HVAC mini-split heating and cooling units and upgrades the electrical service. A new roof will be installed as well as new doors and skylights. This plan also adds a second bathroom and outfits the kitchen with custom cabinetry, high-end appliances, and stone countertops. (Renovation cost approx. $235,000)
Both renovation scenarios are simply for illustrative purposes so potential buyers can better understand the scope of work and budget estimates. Dixon Projects prides itself on bringing the client’s vision to life and can create a fully customized package to create the perfect space.
311 3rd St Unit 1 in its current condition is listed for $1,170,000. To learn more, contact Patrick Southern of Pure Properties at [email protected], or 201-942-6234. For more information on Dixon Projects, visit Dixon-Projects.com.
Listing: 311 3rd St Unit 1, Jersey City
Agent: Patrick Southern / Pure Properties
[gmap height=”250px”]311 3rd St, Jersey City, NJ 07302[/gmap]
311 3rd St, Jersey City, NJ 07302