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Multi-Family

197 Bay St

197 Bay St, Jersey City, NJ 07302

Listing Price: $2,600,000

Lot Size
0.06 acres
Price/Acre
$45,302,400
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present 197 Bay Street, a highly coveted development
opportunity located in the heart of Downtown Jersey City, New Jersey. Situated on a 25’ x
100’ lot, the property falls within the Morgan/Grove/Marin Redevelopment Plan, allowing
four stories of residential development as of right with no parking requirement. This rare
as-of-right zoning flexibility in one of the most transit-accessible submarkets makes 197
Bay Street an exceptional opportunity for developers and investors alike. Moreover, the
site is just two blocks from the Grove Street PATH Station, offering direct and efficient
access to Manhattan in under 15 minutes. Additionally, its proximity to the Holland
Tunnel, Route 495, and Route 1, places the property within reach of the broader New York
metro region. With the surrounding area experiencing a surge in residential and mixeduse developments, the property benefits from sustained demand, rising property values,
and increasing tenant interest. Lastly, the potential for seller financing further enhances
the investment’s accessibility and appeal.

Investment Highlights

  • 25' x 100' Lot Located in the Morgan/Grove/Marin Redevelopment Plan
  • Two Blocks from Grove Street PATH Station with Direct Access to Manhattan
  • As-of-Right Zoning Permits Four-Story Residential Development with No Parking Requirement
  • Potential Seller Financing Available
  • Prime Downtown Location with Immediate Access to Holland Tunnel, Route 495, Route 1 & NYC

Exclusively Listed By

Multi-Family

197 Bay St

Listing Price: $2,600,000

Lot Size
0.06 acres
Price/Acre
$45,302,400
Land Type
Land

Investment Highlights

  • 25' x 100' Lot Located in the Morgan/Grove/Marin Redevelopment Plan
  • Two Blocks from Grove Street PATH Station with Direct Access to Manhattan
  • As-of-Right Zoning Permits Four-Story Residential Development with No Parking Requirement
  • Potential Seller Financing Available
  • Prime Downtown Location with Immediate Access to Holland Tunnel, Route 495, Route 1 & NYC

Investment Overview

Marcus & Millichap is pleased to present 197 Bay Street, a highly coveted development opportunity located in the heart of Downtown Jersey City, New Jersey. Situated on a 25’ x 100’ lot, the property falls within the Morgan/Grove/Marin Redevelopment Plan, allowing four stories of residential development as of right with no parking requirement. This rare as-of-right zoning flexibility in one of the most transit-accessible submarkets makes 197 Bay Street an exceptional opportunity for developers and investors alike. Moreover, the site is just two blocks from the Grove Street PATH Station, offering direct and efficient access to Manhattan in under 15 minutes. Additionally, its proximity to the Holland Tunnel, Route 495, and Route 1, places the property within reach of the broader New York metro region. With the surrounding area experiencing a surge in residential and mixeduse developments, the property benefits from sustained demand, rising property values, and increasing tenant interest. Lastly, the potential for seller financing further enhances the investment’s accessibility and appeal.

Exclusively Listed By

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