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Listed by Corey Jones Coldwell Banker, Upper Montclair
$ 525,000
Est. payment /mo
New
62.5 Oak ST Jersey City, NJ 07304
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25022275
Style 2 Family
Full Baths 2
Half Baths 1
Property Sub-Type 2 Family
Property Description
Transform this 2-family brownstone in Bergen-Lafayette, Jersey City's hottest emerging neighborhood. Recognized by Jersey Digs as "Jersey City's next development hot spot," this area offers unprecedented growth with major projects underway and steadily climbing property values. Prime Location Advantages: Multiple light rail stations enable quick Manhattan commutes while Liberty State Park provides waterfront recreation. Strong rental demand from young professionals creates reliable tenant pools, drawn by excellent transit connectivity and emerging dining scene. Development Momentum: Hundreds of new apartments completed or under construction, including major residential towers and mixed-use projects. New restaurants, retail spaces, and significant municipal investments signal sustained neighborhood commitment. Investment Opportunity: Current market conditions favor skilled investors while strong fundamentals support long-term appreciation. Multi-family properties show solid cash flow potential with growing rental demand throughout the area. Market Timing: Bergen-Lafayette mirrors successful Jersey City markets but with better entry pricing and substantial upside potential. This transit-rich neighborhood offers Manhattan access at New Jersey prices before institutional capital fully discovers the area. Seize this value-add opportunity in a rapidly appreciating market where savvy investors can capitalize on the neighborhood's transformation and excellent growth prospects.
Location
State NJ
County Hudson
Interior
Laundry See Remarks
