Cervelli Real Estate & Property Management | 165-175 Bergen Ave

165-175 Bergen Ave

For Sale

$4,300,000

165-175 Bergen Ave

Jersey City, NJ 07305

Presented by:

Gary Baez- Sales Associate
Cervelli Real Estate & Property Management
Phone:551-200-3787

Email Gary

Property Details:

Type: Vacant Land and Commercial Investment
Lots: 5

Description:

18,000 +/- SF Lot on 5 parcels prime for a Transit Oriented Development and located in a Qualified Opportunity Zone. (Qualified Opportunity Zones offer investment opportunities for smart growth in a designated and qualified area that may present significant tax savings and potentially higher after-tax returns than traditional investments). It is anticipated that 65-80 Units can be constructed on this site, which is served by public transportation to NYC, and is located 1/2 Mile to the City Hall Annex and Light Rail Train Station including public parks and major retailers. Topography of the site is pitched on a slope downward for future parking design.