INVESTMENT SUMMARY: 74 Pollock, constructed in 2021, is a 6-story mid-rise in Jersey City’s quickly developing West Side neighborhood, offering 60 market-rate apartments.
UNIQUE UNIT MIX: Floor plans include a diverse mix of 20 studios, 30 one-bedrooms, and 10 two-bedroom/two-bathrooms with in-unit washer/dryers and 30 covered parking spaces.
INSTITUTIONAL-QUALITY CONSTRUCTION: Built with a poured concrete and steel frame, 74 Pollock offers superior durability, sound attenuation, and long-term capital preservation relative to comparable wood-frame product.
STRONG DEMAND PROFILE: The asset is currently achieving full market rate leasing with no concessions and no amenity fee, underscoring the strength of tenant demand and the value in the superior build quality.
AMENITY PACKAGE: Includes a rooftop terrace with views of New York and Jersey City, a fitness center, parking garage, package room and a keyless FOB entry system.
HACKENSACK RIVER WATERFRONT: Located in Jersey City’s West Side, the property benefits from a fast-evolving neighborhood driven by significant public and private investment, including the broader West Side redevelopment initiatives that continue to reshape the area into a vibrant mixed-use destination.
EXCEPTIONAL CONNECTIVITY: This property is located within walking distance (0.3 mile) to the newly renovated West Side Avenue Light Rail Station, a major catalyst for the new development in the area.