327 Communipaw LLC Sells Mixed-use Property At 327 Communipaw Avenue Jersey City For $6.5M

The property located at 327 Communipaw Avenue in Jersey City is a mixed-use asset that boasts 16 units and includes a 1,700-square-foot commercial space leased to Lifestyle International Realty. The sale was concluded at a price of $6,500,000, translating to a price per unit of $391,176. At the time of closing, the property was 75% occupied and reflects the growing desirability of the neighborhood in light of expanding local amenities and developments.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $6,500,000
• Address: 327 Communipaw Avenue
• Market: Jersey City
• Units: 16
• Price per Unit: $391,176
• Seller: 327 Communipaw LLC
• Broker: Steven Matovski & Thomas McConnell - Redwood Realty Advisors

Redwood Realty Advisors facilitated the transaction, representing the seller, 327 Communipaw LLC. Steven Matovski and Thomas McConnell were involved as brokers, contributing their expertise to secure one of the area's highest price-per-unit sales.