Solomon Halberstam Of Capital Realty Associates Sells Jersey City Multifamily For $2.35M

The recently closed property transaction involves a multifamily asset located at 175 Congress Street and 54 Montrose Avenue in Jersey City, NJ. The property consists of 12 units, with an average price per unit of $195,833. The total sale price for this transaction was $2,350,000. The property spans approximately 1,800 square feet, with an average price per square foot of $1,306.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,350,000
• Units: 12
• Price per Unit: $195,833
• Square Footage: 1,800
• Price per Square Foot: $1,306

The transaction was facilitated by Solomon Halberstam from Capital Realty Associates. Their expertise and representation were instrumental in the successful completion of this deal.