185 ACADEMY
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Discover an exceptional ground-up development in the heart of Jersey City’s booming Journal Square — 70 brand-new, luxury rental apartments designed for today’s connected, convenience-driven renter.
From smartphone keyless entry and a secure package room to a state-of-the-art fitness center, rooftop deck with grilling stations, and stunning skyline views, 185 Academy delivers the lifestyle modern tenants demand.
Perfectly positioned in a thriving, transit-oriented neighborhood, residents are just a 15-minute PATH train ride to Downtown Manhattan — offering the best of both worlds: vibrant city living with unbeatable access to NYC.
Invest now in a premier project that’s built to capture strong tenant demand, high occupancy, and long-term appreciation in one of the fastest-growing urban hubs in the Northeast.
New Construction
Great Location
Rapidly Improving Neighborhood
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6 stories
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70 units
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5 parking spaces
Located in Jersey City, NJ with an 8 minute walk to Journal Square PATH Station. Connections to NYC, Hoboken, Newark Airport and beyond.
Surrounded by several new developments from other institutional developers such as Kushner, KRE, Ironstate and Related.
Thoughtful Amenities and Design
Strong Real Estate and Economic Fundamentals
Attractive Land Basis / JV Structure
Roof top terrace with grill/bar area and Jersey City/NYC views, gym, package room, bike storage and smart phone entry.
High absorption of apartments, strong rent growth, low vacancy, strong job growth, and new retail businesses in the Journal Square core.
Acquisition sourced off-market directly with owner resulting in joint-venture structure and attractive land basis. No markup for new investors.
Attractive Returns
The Company seeks $1.9MM in common equity. Common equity investors projected to realize an ~18% annual IRR or ~2.7x their invested capital over 7 years.
