JERSEY CITY, N.J. (February 18, 2015) – CBRE Group, Inc. announced that it has arranged the sale of 205-207 Union Street in Jersey City, N.J., for approximately $1.32 million. The 16-unit multifamily building has recently been fully renovated.
CBRE’s New York Tri-State Investment Properties team of Charles Berger and Mark Silverman, of New Jersey Investment Properties, and Elli Klapper, of New York Investment Properties, served as the exclusive agents for the seller and procured the buyer in the transaction. The new owner plans to hold the property as an investment as they expand their existing portfolio in New Jersey.
– Renovations To Hamilton Park Property Include Converting Retail Space Into A Restaurant –
– NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, is pleased to announce that the firm brokered the sale of 340-342 Seventh Street in Jersey City, N.J. NAI James E. Hanson Director, Multi-Family Group, Enn Kunnapas, represented the seller and the buyer of the mixed-use portfolio. The seller was a family who has owned the property for more than 60 years. The buyer, an owner/ operator from out of town, plans to convert the two existing stores into a restaurant.
Located in the historic Hamilton Park section of Jersey City, the portfolio consists of two well-maintained apartment buildings, containing a total of seven apartments, two stores and six garages. Each lot measures 25 feet by 100 feet, and one property has four, two-bedroom apartments, while the other has three, three-bedroom units. The buildings are a short walk to the Pavonia-Newport PATH station, and close to the Newport Centre Mall and top-rated Dr. Ronald McNair Academic High School. Continue reading Real Estate VIEWS -NAI HANSON COMPLETES SALE OF MIXED-USE PORTFOLIO IN HISTORIC JERSEY CITY NEIGHBORHOOD→
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