CBRE is pleased to present the exclusive opportunity to acquire 837-849 Bergen Avenue (“Property”), a 17,000± SF lot with as of right zoning to develop a 143-unit luxury high-rise apartment community featuring 6,288± SF of commercial space in vibrant Journal Square — Jersey City’s rapidly transforming central business district. Currently, the Property houses a mixed-use building totaling 16 apartments and 8 commercial spaces. As of today, only four (4) apartments and five (5) of the commercial spaces are occupied; all of which are on a short-term or month-to-month basis. The Property benefits from immediate proximity to the Journal Square PATH station, providing direct access to Manhattan in under 20 minutes and serving as a critical transit hub for the 10+ million annual PATH riders. Journal Square has emerged as one of the most dynamic neighborhoods in the New York metropolitan area, with over $2 billion in current real estate development and a multifamily pipeline exceeding 8,000 units either newly built or under construction. The Property is ideally situated and is a short distance from major employers including Goldman Sachs, JPMorgan Chase, and over 12,000 financial services professionals working in nearby offices. • 143-unit luxury apartment development site (16 Affordable, 127 Market) • Corner location with max visibility from all sides including skyline views of Manhattan and Jersey City • 17,000± SF lot size offering an investor flexible development options including apartments, retail, commercial, theater, educational, etc. • Immediate proximity to the Journal Square PATH station, providing direct access to Manhattan in under 20 minutes • Existing mixed-use building with short-term leases provides income during the approval process • Located in the heart of Journal Square — the New York metropolitan area’s most dynamic neighborhood, with over $2 billion in current real estate development • Strong rental fundamentals with Journal Square rents increasing 13% year-over-year • Journal Square is quickly becoming an emerging cultural and educational hub • High apartment demand driven by NYC rent arbitrage and quality-of-life advantages