19 Hopkins Ave LLC Purchases Retail Property In Jersey City For $2.3M Represented By Jonathan Zamora

A retail asset located at 19 Hopkins Avenue in Jersey City has been sold for $2,300,000. The property comprises 15 units, resulting in a per unit price of $153,333. The transaction reflects a 4.5% cap rate within the current market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,300,000
• Address: 19 Hopkins Avenue
• Market: Jersey City
• Units: 15
• Per Unit Price: $153,333
• Buyer: 19 Hopkins Ave LLC
• Broker: Jonathan Zamora - Marcus & Millichap

Jonathan Zamora from Marcus & Millichap represented the buyer, 19 Hopkins Ave LLC, in this transaction. The buyer intends to renovate the apartments to take advantage of below-market rents.