Exclusive opportunity to acquire 10 Smith Street (“Property”), on a 25x74 lot along with adjoining property at 860 Bergen Ave on a 25x75 lot. Must be purchased together. With as of right zoning to develop a luxury high-rise apartment community in vibrant Journal Square - Jersey City's rapidly transforming central business district. Currently, the 2-Family home has a 2 and 3 bedroom on month-to-month leases. The Property benefits from immediate proximity to the Journal Square PATH station, providing direct access to Manhattan in under 20 minutes and serving as a critical transit hub for the 10+ million annual PATH riders. Journal Square has emerged as one of the most dynamic neighborhoods in the New York metropolitan area, with over $2 billion in current real estate development and a multifamily pipeline exceeding 8, 000 units either newly built or under construction. The Property is ideally situated and is a short distance from major employers including Goldman Sachs, JPMorgan Chase, and over 12, 000 financial services professionals working in nearby offices. o Corner location with max visibility from all sides including skyline views of Manhattan and Jersey City o Offering an investor flexible development option including apartments, retail, commercial, theater, educational, etc. o Immediate proximity to the Journal Square PATH station, providing direct access to Manhattan in under 20 minutes o Existing mixed-use building with short-term leases provides income during the approval process o Located in the heart of Journal Square - the New York metropolitan area's most dynamic neighborhood, with over $2 billion in current real estate development o Strong rental fundamentals with Journal Square rents increasing 13% year-over-year o Journal Square is quickly becoming an emerging cultural and educational hub o High apartment demand driven by NYC rent arbitrage and quality-of-life advantages