The recently closed property transaction in Jersey City involved a multifamily asset located at 672 Grand Street. The property consists of 16 units and spans approximately 12,500 square feet. The sale price for this transaction was $2,350,000, resulting in a price per unit of $146,875 and a price per square foot of $188.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,350,000
• Address: 672 Grand Street
• Market: Jersey City
• Units: 16
• Price Per Unit: $146,875
• Total Square Footage: 12,500
• Price Per Square Foot: $188

The transaction was facilitated by Adam Zweibel and Ben Susskind of Hudson Atlantic Realty. They represented the buyer and/or seller in this deal, ensuring a successful transaction.