1729-1733 Kennedy Blvd

Description

Fully approved mixed-use development opportunity on a highly visible, high-traffic corner along JFK Boulevard in Jersey City’s designated redevelopment zone. This shovel-ready project spans 1727–1733 JFK Blvd and offers a rare combination of scale, income flexibility, and future upside—saving a buyer years of entitlement risk and carrying costs. The approved plans call for a 54-unit residential building featuring a diverse mix of 1-, 2-, and 3-bedroom layouts, including 8 affordable housing units, paired with 3 ground-floor retail spaces and 18 on-site garage parking spaces. The project is thoughtfully designed to meet strong renter demand while maximizing long-term value in a rapidly improving corridor. Adding to the opportunity, the existing retail component can be immediately utilized, with the ability to operate up to 6 retail spaces generating over $15,000/month in income, offering a unique bridge strategy while preparing for construction. The site is currently fully vacant and development-ready, allowing a buyer to proceed without tenant displacement. Included in the offering are two oversized residential lots on Danforth Avenue, providing an additional value-add or alternate development path, with the ability to construct large 3-bedroom condominium units—ideal for phased development, condo sellout, or supplemental rental inventory. Located at the intersection of JFK Boulevard and Danforth Avenue, this corner site benefits from exceptional visibility, strong foot and vehicle traffic, proximity to transit, and sustained demand driven by Jersey City’s continued growth. The combination of approved density, mixed-use flexibility, existing income potential, and additional buildable lots makes this a highly versatile acquisition suitable for developers, investors, or owner-users seeking scale with minimized execution risk. A rare, fully approved mixed-use project with immediate income and long-term upside in one of Jersey City’s most active redevelopment corridors.