67 Brinkerhoff St. in Jersey City — Courtesy: Cushman & Wakefield
By Joshua Burd
An investor has acquired a 17-unit apartment building in Jersey City for $2.9 million, brokers with Cushman & Wakefield announced Monday.
In a news release, the firm said the property at 67 Brinkerhoff St. is a mix of one-, two- and three-bedroom homes that offers immediate, stable cash flow with significant value-add potential. It’s also in the fastest-growing metro area in New Jersey and a half-mile from major employment hubs and key transit routes, while renters are close to shops, restaurants and parks.
Cushman’s Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri represented the seller, 67 Brinkerhoff Street LLC, and procured the buyer, 67 Brinkerhoff Street JC LLC.
“This transaction underscores the strength of the Jersey City market and the demand from investors seeking high-growth opportunities in proximity to New York City,” Sobel said. “We generated multiple competitive offers for this asset, showcasing the appeal and confidence in this multifamily investment opportunity.”
