Three-Building Portfolio — McGinley Square, Jersey City
Address: 197-203 Monticello Ave & 80 Jewett Ave, Jersey City, NJ
Neighborhood: McGinley Square
Proximity: Minutes to Journal Square PATH; across from new Montessori Education Center
Property Summary
Buildings: 3
Units: 11 Residential + 4 Commercial
Zoning: Jackson Hill – Neighborhood Mixed Use
Combined Lot Size: ±6,900 SF
Construction: Brick
Investment Highlights
Located in a Redevelopment Area – build up to 5 stories as-of-right, or 6 stories with variance (only 5% affordable housing requirement)
Within a Designated Opportunity Zone
No Rent Control
Surrounded by multiple approved development sites
Strong growth corridor near Journal Square and Monticello Ave retail
Addresses:
197-199 Monticello Ave
201-203 Monticello Ave
80 Jewett Ave