The property presents an immediate value-add opportunity, with all units operating under free-market status and existing leases positioned below current market rates. The property is ideally positioned for long-term investment or redevelopment, benefiting from proximity to the Journal Square PATH station, major bus lines, and key retail corridors. Situated within an area undergoing significant urban revitalization, the site offers potential for mixed-use or multifamily development under favorable zoning conditions. The property’s elevation along Palisade Avenue provides sweeping views and excellent street visibility, further enhancing its value proposition. This offering is ideal for end-users looking to capitalize on the momentum of Journal Square’s resurgence, driven by large-scale projects, increased PATH ridership, and Jersey City’s continued demand for quality housing.