837 Bergen Ave, Jersey City, NJ 07306

Asking: $ 8,750,000


Marcus & Millichap has been selected to exclusively market for sale 837-849 Bergen Avenue in Jersey City.​ The subject property is a three story, mixed use brick building with 16 apartments and 8 retail spaces with massive upside.​ In addition to being a repositioning opportunity, the property has a development component entitled for 11 stories with minimal parking requirement.​

Journal Square is a lively business district, residential area and transportation hub.​ Jersey City is becoming a more prosperous area for people seeking an affordable alternative to New York City.​ The property is an approximately a 7-minute walk from Journal Square PATH Station with a 11-minute trip to the World Trade Center and a 23-minute ride to Midtown Manhattan via Path, situated closely to Newark Liberty Airport, JFK and La Guardia Airport.​ The property has easy access to Route 1 & 9, Interstate 95, I-78, and are in walkable distance to restaurants, theaters and many national retailers.​

837-849 Bergen Ave is located in the Journal Square section of Jersey City.​ Journal Square historically has been the center of commerce for the state’s second largest city, a retail center to which people have flocked for decades.​ Hudson County, and specifically Jersey City, has seen a massive influx in development and capital investors.​ The first tower constructed off the Gold Coast in over a decade was constructed in Journal Square by The Kushner Companies and the City has approved multiple large projects to attract New Yorkers.​

Listing courtesy of Fahri Ozturk, Marcus & Millchap.