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772 Westside Ave
Jersey City, NJ 07306 McGinley Square

$8,450,000 USD

Land For Sale  •  0.75 AC

Property Details

  • Property Type Land
  • Lot Size 0.75 AC
69 Transit Score
94 Walk Score

Description

Positioned in the heart of Journal Square, Jersey City, this fully approved 130-unit mixed-use development site offers a rare opportunity to capitalize on one of the region’s most dynamic growth corridors. Located at 772–788 West Side Avenue, the site spans 32,776.8 square feet with frontage on three blocks and zoning that supports up to 141,465.2 square feet of buildable space. Plans include 130 market-rate residential units, 8,000 square feet of retail, 14,000 square feet of amenity space, and 46 parking spaces, all within a five-story wood-frame construction—an efficient build type that keeps costs low.

The property is just one mile south of the Journal Square PATH station, offering direct access to Manhattan and Newark Penn Station in under 20 minutes. Residents will enjoy proximity to Lincoln Park’s 270+ acres of green space, athletic facilities, and walking trails, as well as the vibrant West Side Avenue Business District filled with shops, restaurants, and groceries. Adjacent to St. Peter’s University, the site benefits from a well-maintained institutional neighbor and a built-in audience for retail and residential demand.

With projected net operating income of nearly $4 million and a strong mix of studio, one-bedroom, and two-bedroom units, this development is poised to deliver long-term value in a neighborhood undergoing significant transformation. The area’s blend of historic charm, cultural diversity, and transit-rich infrastructure makes it a compelling investment for developers seeking scale, connectivity, and community appeal.

Highlights

Approved for 130 market-rate units with 8,000 SF retail
Three-block frontage near Journal Square PATH station
Adjacent to St. Peter’s University and Lincoln Park
Efficient five-story wood-frame construction permitted
Projected NOI of $3.99M with strong unit mix and rent comps
Located in a vibrant, transit-connected growth corridor

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Journal Square (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 2 min 19 min 1.0 mi
Grove Street (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 5 min - 2.3 mi
AirportDriveWalkDistance
Newark Liberty International 12 min - 7.1 mi
LaGuardia 32 min - 14.8 mi
John F Kennedy International 42 min - 23.0 mi
Edward Di Tomasso 347-276-9593 Modern Spaces
Edward Di Tomasso 347-276-9593 Modern Spaces