374 Communipaw Ave Multifamily Sold For $16M In Bergen Lafayette, Jersey City By 374 Communipaw Owner LLC

374 Communipaw Ave, located in the Bergen Lafayette neighborhood of Jersey City, has been sold in a recent transaction. The multifamily property was purchased by 374 Communipaw Owner LLC from Sixboro Holdings. The sale took place on December 24, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,000,000
• Address: 374 Communipaw Ave, Bergen Lafayette, Jersey City
• Market: Bergen Lafayette, Jersey City
• Units: 40
• Price per Unit: $400,000
• Square Footage: 33,040
• Price per Square Foot: $484

The transaction was facilitated by JLL, with Bobby Antonicello Jr, Greg Edgell, Matthew Pizzolato, and Thomas Didio Jr. representing both the buyer and the seller. They acted as the brokers in the deal, assisting in the successful transaction between the parties involved.

In terms of financing, Sound Point Capital Management provided a loan amount of $12,500,000 for the purchase of the property.