Camber Property Group Acquires Multifamily Portfolio In Jersey City For $21.5M

21, 25, 27, 31 & 33 Monticello Avenue, 4 & 8 Madison Avenue, 834 & 838 Grand Street in Jersey City have been sold in a multifamily property transaction. The sale took place on November 3, 2020, with a total price of $21,500,000. The property consists of 74 units, resulting in a per unit price of $290,540.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $21,500,000
• Units: 74
• Price per Unit: $290,540

Camber Property Group, represented by Rick Gropper and Andrew Moelis, acted as the buyer in this transaction.