Capital Realty Associates Facilitates $6.9M Multifamily Sale In Jersey City

The property involved in this transaction is a multifamily asset located at 6-8-10 Bergen Avenue, 938-940 Westside Avenue, and 484 Central Avenue in Jersey City. The sale price was $6,900,000, encompassing a total of 43 units. The property has a total square footage of 12,500, with a price per unit of $160,465 and a price per square foot of $552.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,900,000
• Units: 43
• Square Footage: 12,500
• Price Per Unit: $160,465
• Price Per Square Foot: $552
• Date of Transaction: 07/12/2022
• Broker: Solomon Halberstam - Capital Realty Associates

Solomon Halberstam, representing Capital Realty Associates, facilitated this transaction. For further inquiries regarding this deal and other opportunities in the Jersey City market, he can be reached at [email protected] or 732-575-0755.