$2.2M MultiFamily Sale At 549 Mercer St, Jersey City, NJ

The multi-family buildings located at 458-460 and 549-551 Mercer St. in Jersey City, NJ, were recently sold. The properties consist of 14 residential units and a ground-floor retail space. The transaction was brokered by Capital Realty Associates, with Solomon Halberstam acting as the seller's representative. The undisclosed buyer acquired the buildings for $2,200,000.00, representing a 5 percent capitalization rate.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,200,000.00
• Address: 549 Mercer St, Jersey City, NJ, 07306
• Market: Jersey City

Capital Realty Associates, a New Jersey-based firm, facilitated the sale of the multi-family buildings. The properties offer a mix of residential units and a retail space, making them an attractive investment opportunity. Solomon Halberstam played a key role in the transaction by representing the seller and bringing in the undisclosed buyer, showcasing his expertise in real estate deals within the Jersey City market.