David Ferber Of Matthews Represents Both Buyer And Seller In $4.12M Jersey City Multifamily Sale

A buyer acquired a 17-unit apartment building located at 70 Tonnelle Avenue, Jersey City, New Jersey. The transaction was completed for $4.12 million, equating to approximately $242,000 per unit, representing the highest multifamily sale price in the Journal Square submarket over the past two years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,120,000
• Units: 17
• Price Per Unit: $242,353

David Ferber of Matthews represented both the buyer and seller in this transaction, highlighting the involvement of a single brokerage in the deal, which is notable in property transactions.