The prime multifamily asset at 63 Oak Street in Jersey City was sold for $1,300,000. Situated in the Bergen/Lafayette section, the property comprises eight units, each featuring two bedrooms and one bathroom. With significant value-add potential, this asset also offers convenient access to New York City.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,300,000
• Units: 8
• Price Per Unit: $162,500
• Address: 63 Oak Street
• Market: Jersey City

Tony Nabhan from Keller Williamsfacilitated the sale of the property. Representing the deal, Tony played a crucial role in the transaction, ensuring a successful outcome for all parties involved.