For Sale

Description

Attention builders, investors, and owner-occupants — here’s your chance to secure a prime opportunity in Jersey City’s growing GESO neighborhood. Located at 160 Fulton Ave, this 25x100 R-1 zoned property offers excellent upside and redevelopment potential while also serving as a great starter 2-family home with future development possibilities. As-of-right development allows for a 3-story, 2-family residence plus a detached Accessory Dwelling Unit (ADU) in the rear — creating the potential for 3 total income-producing units with a relatively straightforward approval process. For developers looking to maximize density, Jersey City’s Affordable Housing Overlay (AHO) may allow the construction of up to 4 units in the principal structure plus the rear ADU, totaling 5 units, in exchange for a one-time affordable housing trust fund contribution. No on-site affordable units required. Property highlights include: • 25x100 lot | 2,500 sq ft • R-1 zoning • Existing 2-family home with future upside • Potential for up to 5 total units with AHO election • Up to 3 stories / 35 ft height allowance • No off-street parking requirement • No variance required for standard redevelopment scenario • Excellent opportunity for rental income, condo sellout, or long-term hold Conveniently located near shopping, schools, parks, major transportation routes, and growing redevelopment throughout Jersey City’s GESO section, this property presents strong long-term value for both investors and homeowners alike. Buyer is responsible for conducting their own independent due diligence with Jersey City zoning, planning, and building departments regarding permitted uses, approvals, density, Affordable Housing Overlay participation, and all development potential. Development opportunities with this level of flexibility are becoming increasingly difficult to find in Jersey City — don’t miss your chance to capitalize on the area’s continued growth. Call today for more information.