Davis Briones Of Kislak Represents Sale Of Jersey City Multifamily For $20M

The property asset involved in this transaction is a multifamily building located at 70 Central Avenue in Jersey City. The sale was completed for a total transaction amount of $20,000,000, comprising 32 units, resulting in a price per unit of $625,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Units: 32
• Price Per Unit: $625,000
• Broker: Davis Briones - Kislak
• Transaction Date: 5/14/2025

The key individual involved in this transaction is Davis Briones, who represented the deal on behalf of Kislak. This transaction highlights the ongoing activity in the multifamily market in Jersey City.