Location Summary

• 50 Grace Street is a 6 unit multi-family property in Jersey City Heights, NJ. Jersey City Heights is a residential neighborhood in the north end of Jersey City, which is mostly composed of two- and three-family houses and low-rise apartment buildings. It is a mixture of commercial and residential areas, with a park in the center of the neighborhood. Residents of Jersey City Heights have several public transportation options available for commuting to work within Jersey City, or Hoboken, or Manhattan, including the Hudson-Bergen Light Rail (which will get you to PATH stations) and New Jersey Transit buses, which travel as far as New York City's Port Authority in Times Square, or to points throughout NJ. There are number of small parks in the Heights which include: panoramic views of the NYC skyline, Little League fields, several basketball courts, tennis courts, running tracks and a semi-Olympic size swimming pool that turns into a skating rink in the winter. There is plenty of shopping options and local restaurants for Jersey City Heights apartment residents, with much of the commercial activity on and around the aptly named Central Avenue. Jersey City, NJ has a population of 264,161 people with a median age of 33.7 and a median household income of $63,227.
• Palisade Partners is the exclusive broker for 50 Grace Street in the Jersey City Heights section of Jersey City. This 6 unit multifamily property is located adjacent to Kennedy Blvd with access to multiple transportation routes to Hoboken and Manhattan. Jersey City has transformed into a sought out destination to live work and entertain. Home sales and median prices have increased steadily over the last few years. In addition, median rents have continued to rise as high growth is expected to continue in the area. This property represents an unique opportunity to invest in the booming Jersey City Heights area.