344 Paterson Plank Rd, Jc, Heights, NJ 07307

Property Description

LOCATION. LOCATION. LOCATION!!!! BUY THE POSITION. BUILD THE UPSIDE. RARE JERSEY CITY HEIGHTS DEVELOPMENT OPPORTUNITY. Acquire THREE FULL FLOORS at 344 Paterson Plank Road in one bulk transaction. Over 4,250 combined sq. ft. Majority Building Ownership. An extra-deep development lot. Palisade Avenue easement access. Architectural plans for the first phase of vertical expansion. This offering gives an investor or developer substantial ownership and scale within one Jersey City Heights property, with multiple potential strategies to create value. The property is located near the Congress Street / 9th Street Light Rail with access to Hoboken, Downtown Jersey City, NJ Transit, PATH connections, restaurants, cafes, parks, and major commuter routes. Unit 2 offers approximately 1,400 sq. ft. with two oversized bedrooms, a large balcony, direct private elevator entry, NYC skyline views, and a multi-level layout. Unit 3 provides an additional 1,300 sq. ft. full-floor residence with 2 oversized bedrooms, NYC Skyline views, and contributes to the buyer's substantial ownership and HOA voting position. The Penthouse offers approximately 1,530 square feet with 3 bedrooms plus den, 2 full bathrooms, direct private elevator entry, NYC skyline views, radiant floor heating, custom millwork, premium kitchen appliances, smart-home features. MULTIPLE POTENTIAL VALUE-CREATION AND EXIT STRATEGIES. For the right investor, the opportunity is the combination of existing residential assets, substantial building ownership, development potential, and flexibility to determine the next phase of the property. BULK SALE ONLY. Unit 2, Unit 3, and the Penthouse must be purchased together. Architectural plans and supporting due diligence materials are available for review. Condominium governing documents will be provided once in Attorney Review.