Tenth Avenue Holdings Acquires Mixed-use Property In McGinley Square, Jersey City For $23.75M

The mixed-use property located at 280 Fairmount Avenue in McGinley Square, Jersey City, was recently sold in a closed transaction. The sale, which took place on July 27, 2020, involved a transaction amount of $23,750,000. The property consists of 58 units, resulting in a price per unit of $409,482.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $23,750,000
• Units: 58
• Price Per Unit: $409,482

Tenth Avenue Holdings, represented by Laurence & Donald Denihan, acted as the buyer in the transaction, while The KABR Group served as the seller. Niko Nicolaou from Gebroe-Hammer Associates represented the buyer in the deal.