Marcus & Millichap Sells 21-Unit Multifamily Building In Jersey City For $4.1M

A 21-unit, four-story apartment building located at 3405 John F. Kennedy Boulevard in Jersey City’s Heights neighborhood has been sold for $4.1 million. The property, built in 1920, is considered a value-add asset and drew significant interest from investors due to its vacant units, potential for rental upside, and redevelopment momentum in the Heights and nearby Journal Square.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,100,000
• Units: 21
• Price Per Unit: $195,238
• Broker: Jonathan Zamora - Marcus & Millichap
• Market: Jersey City
• Date of Sale: 01/21/2026

Jonathan Zamora from Marcus & Millichap was responsible for marketing the asset and successfully sourcing a local private buyer, concluding a deal after more than 30 years of family ownership of the property.