House Description

The property at 351 3rd Street in the heart of Jersey City's coveted Village section of Downtown offers a prime development opportunity in one of the most dynamic and appreciating neighborhoods in the New York metro area. This five-story mixed-use building site (with site plan approval) features a strategic ground-floor commercial space complemented by essential mechanical systems, setting the stage for vibrant street-level retail, café, boutique, or professional office use. Above, floors 2 through 5 present flexible, well-laid-out residential floor plans ideal for creating spacious, modern apartments/units that command premium rents or sales in this high-demand market. Jersey City's Downtown/Village neighborhood continues to thrive as a hotspot for young professionals, families, and investors drawn to its walkable streets, historic charm, proximity to PATH trains (Grove Street and Newport stations just minutes away), and easy access to Manhattan. The area boasts strong median home price growth with a year-over-year increase recently, with citywide values climbing steadily amid balanced inventory and sustained buyer interest. This is a rare chance to acquire a development site in a proven, high-growth submarket. Ideal for developers, investors. Contact for full details on the conceptual plans, zoning (Neighborhood Commercial District supporting mixed-use), lot dimensions, and next steps toward realizing your vision in Jersey City's most sought-after Village neighborhood. Don't miss this opportunity—properties like this move quickly!

Highlights

Listed by PATRICK SOUTHERN , 201-431-7677 SERHANT NEW JERSEY LLC , 201-431-7677. Hudson County Multiple Listing Service

Property Type

Vacant Land

Lot/Acreage

0.06

County

Hudson

Neighborhood

Downtown

Listing ID

260002013

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Payment Breakdown

Principal Interest

$11,196

Taxes

$2,210

Home Price

$2,200,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$440,000

Down Payment

Down Payment %

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Monthly Price:

$11,196.26

Principal

Taxes

	Principal	Taxes	HOA	Total
Monthly	$11,196.26	$2,210.08	$0.00	$13,406.34
Yearly	$134,355.08	$26,521.00	$0.00	$160,876.08
Total	$4,030,652.47	$795,630.00	$0.00	$4,826,282.47