Kalpana Patel Acquires Multifamily Property In Jersey City For $1.3M

This multifamily property located at 17 Berkeley Pl in Jersey City was recently sold for $1,300,000. The transaction took place on 03/25/2022. The property consists of two units, offering a total of 1,864 square feet of living space. The price per unit was $650,000, and the price per square foot was $697. The buyer, Kalpana Patel, purchased the property from the seller, Daniela Drewa.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,300,000
• Units: 2
• Price per Unit: $650,000
• Square Feet: 1,864
• Price per Square Foot: $697
• Date: 03/25/2022
• Market: Jersey City

Michael Dengelegi from the Giordano Group at Keller Williams City Life Realty represented the buyer, Kalpana Patel, in this transaction. Reyes Cartagena from NextHome Prime represented the seller, Daniela Drewa. It's worth noting that this property is located in an incredible location in Journal Square, making it a rare find. The property includes two structures, a 2-car garage, and six additional parking spaces. Despite the challenges of the market, Michael Dengelegi was able to secure the property for his client below the asking price, demonstrating his skills in negotiation.