Smart money: Substantial income producer, or the perfect urban homestead!
Investors: take this ‘Modern Brownstone’ to the next level.
Condo conversion idea(s)could be explored - North property line is the 2060 Journal Square Redevelopment zone boarder: see Jersey City’s official Journal Square “2060” map, which also elucidates the future possibility of a park (#9 green shaded section) on Baldwin Ave in the distant future (not guaranteed by the seller or the city of Jersey City - said fact not to be assumed as fact but rather a reconveance of publicly issued “2060 Redevelopment” plans by Jersey City planning).
Journal Square has arguably become one of the fastest growing neighborhoods in the United States. Global powerhouse commercial developers have arrived in numbers. MEGA scale developments in Journal Square include:
"Journal Squared" - 3 skyscrapers - 300 yards North; the "HAP Tower" - 200 yards NW; "Baldwin Place" - 2 blocks West; 4 blocks away: "1 Journal Square" and "30 Journal Square".
Several of these are in construction and several others in various pre-construction phases. According 'Jersey Digs', over 40k new units planned and over 10k new units under construction in Jersey City. See if you can count the number of significant commercial developments within a 6 block radius of Baldwin and Magnolia according to "Jersey Digs"!
https://jerseydigs.com/all-jersey-city-development-map/
Note: this information is updated as of February 2019 and was collected from various public sources. The information is subject to change, is not guaranteed, and may be outdated. Interested parties must confirm development related information for themselves.
How often can you find a property built this century, ~300 yards to the train entrance, with historic neighborhood charm, driveway parking for 2, 1.5 car garage and a mini backyard?
We Are 242
242 Baldwin Ave, Jersey City, NJ 07306
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