David Ferber Of Matthews Represents Buyer And Seller In $1.85M Jersey City Mixed-Use Sale

A 10-unit mixed-use property located at 140 Carlton Avenue in Jersey City, NJ, has been sold for $1,850,000. The building encompasses a total square footage of 5,957, resulting in a price per unit of $185,000 and a price per square foot of $311.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,850,000
• Units: 10
• Square Footage: 5,957
• Price Per Unit: $185,000
• Price Per Square Foot: $311
• Transaction Date: 08/19/2026
• Market: Jersey City, NJ

David Ferber from Matthews represented both the buyer and seller in this all-cash transaction, which closed in under 60 days without contingencies. The buyer plans to renovate the apartments and increase the rents by 15% to 20% following the acquisition.