Exclusive opportunity to acquire 860 Bergen Avenue ("Property"), on a 25x75 lot along with adjoining property at 10 Smith Street on a 25x74 lot. With as of right zoning to develop a luxury high-rise apartment community in vibrant Journal Square -- Jersey City's rapidly transforming central business district. Currently, the Property houses a mixed-use building totaling 6 apartments and 2 commercial spaces. Corner commercial space is vacant; and the rest of leases are on a short-term or month-to-month basis. The Property benefits from immediate proximity to the Journal Square PATH station, providing direct access to Manhattan in under 20 minutes and serving as a critical transit hub for the 10+ million annual PATH riders. Journal Square has emerged as one of the most dynamic neighborhoods in the New York metropolitan area, with over $2 billion in current real estate development and a multifamily pipeline exceeding 8,000 units either newly built or under construction. The Property is ideally situated and is a short distance from major employers including Goldman Sachs, JPMorgan Chase, and over 12,000 financial services professionals working in nearby offices. * Corner location with max visibility from all sides including skyline views of Manhattan and Jersey City * Offering an investor flexible development option including apartments, retail, commercial, theater, educational, etc. * Immediate proximity to the Journal Square PATH station, providing direct access to Manhattan in under 20 minutes * Existing mixed-use building with short-term leases provides income during the approval process * Located in the heart of Journal Square -- the New York metropolitan area's most dynamic neighborhood, with over $2 billion in current real estate development * Strong rental fundamentals with Journal Square rents increasing 13% year-over-year * Journal Square is quickly becoming an emerging cultural and educational hub * High apartment demand driven by NYC rent arbitrage and quality-of-life advantages
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