Christies International Real Estate Facilitates $1.565M Sale Of Multifamily Property In Jersey City

A record-breaking sale has taken place in Bergen Lafayette, Jersey City. The property involved in this transaction is located at 320 Pacific Ave and is classified as a multifamily asset. The sale took place on 11/04/2022, with Eighth Street Properties, LLC as the seller and the buyer being represented by Vlada Grigoryeva from Christies International Real Estate. Alena Ciccarelli, also from Christies International Real Estate, served as the seller's representative.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,565,000
• Units: 2
• Price Per Unit: $782,500
• Square Footage: 3,100
• Price Per Square Foot: $505

This transaction sets a new record for the area, demonstrating the continued growth and development of the Bergen Lafayette neighborhood in Jersey City. Alena Ciccarelli played a significant role in this sale, providing her expertise and guidance from the beginning to the end of the project. With her help, the developer clients were able to envision the transformation of a previously unremarkable single-family home into two stunning luxury condos. Alena Ciccarelli has a passion for property transformations and is available to assist clients with their next projects.