Rafat Sawers Acquires Mixed-Use Property In Jersey City For $1,200,000 From Aldi Boulous

The property involved in this transaction is a mixed-use asset located at 2746 John F Kennedy Boulevard in Jersey City. The sale price for the property was $1,200,000, and it encompasses a total square footage of 3,300, resulting in a price per square foot of $363.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,200,000
• Address: 2746 John F Kennedy Boulevard
• Market: Jersey City
• Square Footage: 3,300
• Price per Square Foot: $363
• Buyer: Rafat Sawers
• Seller: Aldi Boulous
• Brokers: Yanni Marmarou, Griffin Westlin, Nick Rogers, Homer DeLeon & Andrea Nestico - Investment Property Realty Group (IPRG)

This transaction marks the second mixed-use property brokered by the NJ office of IPRG, led by Yanni Marmarou, in the Journal Square market in 2026. The property was sold to a user and highlights IPRG's continued activity within the Jersey City and Hudson County market, where they are managing several other active development sites currently marketed or under contract for sale.