60 Erie Street, Jersey City, NJ
Erie Street is ACG's second project in partnership with a New Jersey based merchant banking firm. This 103 year old building is a well-known landmark, P. S. 102, and is located at 60 Erie Street in the downtown part of Jersey City, NJ. Consisting of 18 unit apartments ranging in size from 650 square feet to 1,000 square feet these units feature 10 foot ceilings. Renovations to the units are to include hardwood floors and new kitchens and bathrooms. The unfinished basement offers the opportunity for income generation via coin laundry or storage. The property is conveniently located near retail stores, restaurants and most importantly, only blocks from the Jersey City transportation hub that includes PATH train, Light Rail, and ferry service directly into Mid-town Manhattan and the Financial District. Adjacent to the building is a 5,000 square foot vacant parcel, currently used for parking, upon which 12 additional units are to be constructed when market conditions permit.
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