Marcus & Millichap has been selected to exclusively market for sale the 63-65 Irving St, a three-story, brick, mixed-use building in Jersey City, New Jersey. The building property can be delivered vacant and could potentially be converted or expanded for an owner-user or multifamily development.
The property is located approximately 2 miles from the Journal Square Transportation Center which offers a 15-minute ride to the World Trade Center and a 22-minute ride to Midtown Manhattan via Path. 63-65 Irving Street is also located 5 blocks from the 9th Street Light Rail Station which offers a 27-minute commute into Midtown Manhattan. The Journal Square Transportation Center also includes a bus terminal with a 28-minute ride into the Manhattan.
Jersey City has earned a reputation as a city with ideal regional connectivity due to accessible public transportation. The successful public transportation system has sparked new development opportunities in the city as several nearby apartment complexes have been completed and are under construction. The new supply speaks to the value of the location and should continue to drive the local economy which will ultimately push rents.