$4M Multifamily Sale In Jersey City With Redwood Realty Advisors' Steven Matovski

The multi-family property located at 481-487 Communipaw Avenue in Jersey City, New Jersey, is an eight-unit community featuring two- and three-bedroom duplexes. The property was originally developed and recently sold for a total price of $4 million.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,000,000.00
• Address: 481 Communipaw Ave, Jersey City, NJ
• Market: Jersey City

Steven Matovski of Redwood Realty Advisors played a significant role in brokering the sale of two multifamily properties in Jersey City and North Bergen. In addition to the Jersey City property mentioned earlier, the deal also involved a North Bergen asset at 7328 Kennedy Boulevard, consisting of 17 apartment units in two-bedroom floor plans. The individual sales prices for each property were not disclosed. Steven Matovski represented both buyers and sellers in these transactions.