Ankur Shah Acquires Multifamily Property In Jersey City From Carol Gomez For $951,000

The multifamily property located at 212 Congress Street in Jersey City has been sold. The property consists of three units with a total square footage of 2,700. The sale price for the property was $951,000, resulting in a price per unit of $317,000. The price per square foot is calculated at $352.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $951,000
• Address: 212 Congress Street, Jersey City
• Market: Jersey City

Ankur Shah has purchased the property from Carol Gomez. The sale was facilitated by brokers Alena Ciccarelli and Vladislava Grigoryeva from Christie's International Real Estate. The property was priced attractively to attract investors seeking added value potential. It is worth noting that this property includes the opportunity to own two properties on one lot. Multiple offers were received, and the property sold over asking price.

The brokers, Alena Ciccarelli and Vladislava Grigoryeva, expressed their pleasure in representing this property, 17 years after initially selling it to the sellers. The fact that past clients return for business and provide referrals is seen as the highest compliment in the industry.

Additionally, the property has the potential to generate a rental income of $98,000.