CBRE Assists In $8.15M Acquisition Of Multifamily Property On Vroom Street, Jersey City

A 41-unit multifamily property located at 160 Vroom Street in Jersey City has been sold for $8.15 million. The building is well-known for its convenient location near the Journal Square PATH station and offers one and two-bedroom apartments, as well as on-site laundry facilities.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $8,150,000
• Address: 160 Vroom Street
• Market: Jersey City
• Units: 41
• Price Per Unit (PPU): $198,780

CBRE, represented by Fahri Ozturk, Richard Gatto, and Zachary McHale, assisted in the sale of this property. The transaction was completed with the involvement of a private investment group.