Corner Properties Sells Mixed-Use Portfolio On Monticello Avenue In Jersey City For $3.6M

This mixed-use property at 197 - 203 Monticello Avenue located in Jersey City encompasses a three-building portfolio featuring 11 residential units and 4 commercial units. The transaction amount for this asset was $3,600,000, with a price per unit of $240,000 and a price per square foot of $360 across a total of 10,000 square feet. It is noted that none of the units are subject to rent control.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,600,000
• Units: 15
• Price per Unit: $240,000
• Square Footage: 10,000
• Price per Square Foot: $360
• Seller: Corner Properties
• Broker: Kelly Bastidas - West Hoboken Residential

Kelly Bastidas represented West Hoboken Residential in this transaction, emphasizing mixed-use, multifamily, and redevelopment opportunities. For further inquiries, Kelly can be contacted via mobile at 551-556-3738.