Rare four-family brownstone in downtown Jersey City asks $2.75M

Posted On Tue, May 24, 2022 By

Posted On Tue, May 24, 2022 By In Cool Listings, New Jersey

Photo credit: Rich Weinberger

Downtown Jersey City may not be the first place you’d think to look for a 6,000-square-foot townhouse on a brick-and-brownstone block, but this five-story classic at 94 Wayne Street, asking $2,750,000, is exactly that. The four-family home consists of a lower duplex (with a BBQ-ready paradise for a backyard) and three identical units above. Inside there are high ceilings, large rooms, and historic details as well as updated appliances, central AC, and ten bedrooms in all. It’s a perfect opportunity for townhouse living with lots of rental income–or to create a multi-floor family home. An extension allows for plenty of space on all floors.

With several floors of potential rental income, listing agent Diana Sutherlin of Compass called the home an “incredible investment opportunity” in a prime Jersey City location. “An owner can live in the downstairs duplex, which is massive with a private backyard, and have rental income from multiple apartments – it’s a win-win,” Sutherlin said.

The garden duplex–ideal for an owner’s unit–has three bedrooms and two baths. Brick and stone walls frame the space. The kitchen has a Viking range and wood cabinetry. A set of wood-framed French doors lead to the charming garden and patio to take dining out of doors.

The private patio feels like a landscaped outdoor room, with bluestone pavers, a raised tile seating area, and a brick oven. There’s also a brick-lined wine cellar.

Above the duplex are three identical floors, each with a three-bedroom, two-bath rental apartment. All units are sunny and well-appointed, with high ceilings and original details like wood molding and original mantles. Vented kitchens have updated appliances and wood cabinets.

Jersey City has been called, according to the listing, the country’s second-hottest market for Gen Z renters. This five-story home is a real opportunity for an investor, a developer seeking a full condo conversion–or someone who dreams of a massive single-family home within walking distance of restaurants, shopping, Van Vorst Park, and the PATH train.

[At Compass by Diana Sutherlin]

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Photo credit: Rich Weinberger

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Neighborhoods : Jersey City

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