Multifamily Property At 289.5 8th Street In Jersey City Sold For $1.34M

A two-family residence at 289.5 8th Street in Jersey City has been sold. The property, which includes one unit generating rental income and a vacant three-bedroom unit, was listed for a sale price of $1,340,000. With two units, the price per unit amounts to $670,000. The residence is conveniently located near local amenities and transportation, allowing easy commuting to New York City.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,340,000
• Units: 2
• Price Per Unit: $670,000
• Address: 289.5 8th Street
• Market: Jersey City

The transaction was represented by Patrick Southern and Shaye Lastra of Coldwell Banker, who facilitated the sale of the property. Their involvement highlights the role of experienced brokers in managing complex real estate deals efficiently.