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Real Estate VIEWS -NAI HANSON COMPLETES SALE OF MIXED-USE PORTFOLIO IN HISTORIC JERSEY CITY NEIGHBORHOOD


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– 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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