Ryan Prichard Acquires Multifamily Property In Paulus Hook, Jersey City

The multifamily property located at 104 Grand Street in Paulus Hook, Jersey City was recently sold in a closed transaction. The property spans approximately 19,500 square feet and was sold for a sale price of $1,815,000. The transaction took place within a period of 7 days, highlighting the efficiency of the sale process. The seller, John Matthew Schley, originally purchased the property for $292,000 in 1998, demonstrating a significant increase in value over the years.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,815,000
• Address: 104 Grand Street, Paulus Hook, Jersey City
• Market: Paulus Hook, Jersey City

Ryan Prichard successfully acquired the property as the buyer. The transaction was facilitated by Daniel Spitz, who served as the broker in the deal. The property's asking price was $1,699,000, and the final sale price exceeded the initial asking price, demonstrating the market demand for this multifamily asset. The sale price equates to a price per square foot of $93, showcasing the value of the property in relation to its size.