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35 Wayne Street Multifamily Property In Jersey City Sold For $2 Million With Seller's Rep Patrick Southern

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SOLD
$2,000,000

New Jersey

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MultiFamily
Sold 07/05/2024
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Property Image
SOLD

35 Wayne Street Multifamily Property In Jersey City Sold For $2 Million With Seller's Rep Patrick Southern

35 Wayne Street

See Similar Deals
MultiFamily
Sold 07/05/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

35 Wayne Street is a historic 2-family home located on a 30-foot lot in Jersey City. It was sold for a transaction price of $2,000,000. The property features modern renovations while preserving its 200-year-old charm. The garden-level unit operates as a successful Airbnb, generating approximately $50,000 annually, and offers convenient access to the Grove Street PATH station for easy transit to New York City.

Summary of transaction details:

Patrick Southern represented the seller in this transaction through Coldwell Banker, facilitating the sale of this unique property that combines historic architecture with modern income-generating features. The successful operation of the garden-level unit as an Airbnb reflects the property's appeal within the local rental market.

Players

Patrick Southern
19 deals$38.1M volume
BROKER

Details

SOLD
IMAGE: Patrick Southern DATE: 07/05/2024 ADDRESS: 35 Wayne Street MARKET: Jersey City ASSET TYPE: Multifamily SELLER'S REP: Patrick Southern (@PropertiesbySouthern) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $2,000,000 NOTE: 35 Wayne Street in Jersey City, a historic 2-family home on a 30-foot lot, sold for $2,000,000. The property blends 200-year-old charm with modern renovations, including a garden-level unit operating as a successful Airbnb generating approximately $50,000 annually, and is conveniently located near the Grove Street PATH station for easy access to NYC.

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