Solomon Halberstam & Bernard Itzkowitz Of Capital Realty Sell Multifamily Property In Jersey City For $1.8M

A multifamily property located at 431 Martin Luther King & 316 Forrest St in Jersey City has been sold for a price of $1,800,000. The property consists of 8 units, with a price per unit of $225,000. The total square footage of the property is 7,474, with a price per square foot of $241.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,800,000
• Units: 8
• Price per Unit: $225,000
• Square Footage: 7,474
• Price per Square Foot: $241
• Address: 431 Martin Luther King & 316 Forrest St, Jersey City

The sale of this property was facilitated by Solomon Halberstam & Bernard Itzkowitz from Capital Realty. In addition to the existing building, which has 6 residential units and 2 commercial units, 316 Forrest St is a development site with approvals for a 23 unit luxury building.