Multifamily buildings in Jersey City sell for $2.25M

By Eric Strauss
Jersey City | Aug 23, 2019 at 5:30 am

Two multifamily properties in Jersey City have sold for a total of $2.25 million, according to real estate brokerage Capital Realty Associates.

The properties at 458-460 Mercer St. and 549-551 Mercer St. comprise 14 residential units and ground-floor retail space. Howell-based Capital Realty’s Solomon M. Halberstam, sales associate and Jersey City market expert, exclusively marketed the properties for the seller and procured the buyer.

“I am pleased to have quickly completed this transaction,” he said in a prepared statement. “The unprecedented rental boom that Jersey City is experiencing has made these properties in the McGinley Square area highly attractive for both landlords and tenants.”

Eric Strauss | estrauss@roi-nj.com | acerimrat