Zhiqiang Yu Purchases Multifamily Property At 298 Arlington Avenue Jersey City For $1.2M

The property involved in this transaction is a multifamily asset located at 298 Arlington Avenue in Jersey City. It was sold for a price of $1,200,000, encompassing 3,500 square feet and comprising 2 units, resulting in a price per unit of $600,000 and a price per square foot of $342.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Address: 298 Arlington Avenue
• Market: Jersey City
• Units: 2
• Square Footage: 3,500
• Price Per Unit: $600,000
• Price Per Square Foot: $342
• Buyer: Zhiqiang Yu
• Seller: Aishah McKenzie
• Broker: Charlaine Mercado - Sotheby's International Realty

The key individuals in this transaction include Zhiqiang Yu as the buyer and Aishah McKenzie as the seller. Charlaine Mercado of Sotheby's International Realty represented the seller in this deal. Notably, the broker expressed pride in holding the record for two out of the three highest recent sales in Bergen Lafayette.