218 Jefferson Street LLC Acquires Multifamily Property In Hudson County For $1.85M

218 Jefferson Street, located in Hudson County, has recently been sold in a closed transaction. This multifamily property, with a total of 8 units, offers a spacious living environment for its residents. The sale price for this property amounted to $1,850,000, with a price per unit (PPU) of $231,250. The building spans over 6,000 square feet, leading to a price per square foot (PPSF) of $308. The buyer of this property is 218 Jefferson Street LLC, while Wilfred Estate acted as the seller in this transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,850,000
• Address: 218 Jefferson Street
• Market: Hudson County
• Units: 8
• Price per Unit (PPU): $231,250
• Square Feet (SF): 6,000
• Price per Square Foot (PPSF): $308

Jonathan Zamora from Marcus & Millichap played a crucial role as the broker in this transaction. His expertise and negotiation skills helped facilitate the deal between 218 Jefferson Street LLC and Wilfred Estate. It should be noted that this multifamily property was sold as a redevelopment opportunity and was delivered mostly vacant. The sale of 218 Jefferson Street reflects the growing demand for multifamily properties in the Hudson County market.