Beachwold Residential Acquires Multifamily In Bergen Lafayette, Jersey City For $31.9M

The multifamily property located at 65 Maple St in Bergen Lafayette, Jersey City has been sold in a recent transaction. The property consists of 72 units with a total square footage of 53,676. The sale price for this multifamily asset was $31,900,000, resulting in a per unit price of $443,056 and a price per square foot of $594.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $31,900,000
• Units: 72
• Price per Unit: $443,056
• Total Square Footage: 53,676
• Price per Square Foot: $594

The buyer in this transaction was Beachwold Residential, while the seller was PERE. The deal was facilitated by the brokers Michael Oliver, Jose Cruz, Steve Simonelli, and Josh Stein from JLL.