Isaac Niederman Acquires Jersey City Multifamily Property At 70 Tonnelle Avenue For $4.2M

The property asset involved is a multifamily unit located at 70 Tonnelle Avenue in Jersey City. The sale price was $4,200,000 for the 17-unit building, which encompasses a total of 14,100 square feet, resulting in a price per unit of $247,058.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Units: 17
• Square Footage: 14,100
• Price Per Unit: $247,058
• Date of Transaction: 06/08/2026
• Buyer: Isaac Niederman
• Broker: David Ferber - Matthews
• Address: 70 Tonnelle Avenue
• Market: Jersey City

The transaction was facilitated by broker David Ferber of Matthews, who represented the buyer, Isaac Niederman. The deal reflects the ongoing activity in the Jersey City multifamily market, showcasing a significant transaction in the area.