872 Bergen Ave. in Jersey City — Courtesy: Grid Real Estate LLC
By Joshua Burd
A mixed-use, 20,000-square-foot building in the Journal Square section of Jersey City has changed hands, following a $3.4 million transaction by Grid Real Estate LLC.
The brokerage firm on Friday announced the sale of 872 Bergen Ave., which features eight residential units, 5,000 square feet of retail space and 5,000 square feet of office space. A Jersey City-based investment group purchased the building and is now planning renovations.
Bobby Antonicello Jr. of Grid Real Estate LLC completed the assignment.
“We are still seeing an aggressive demand for properties located in Journal Square (central business district),” Antonicello said. “The 872 Bergen Ave. property was one of the last owner-occupied buildings in the district.”
In a news release, Grid touted the building’s location less than two blocks from the Journal Square PATH station and two blocks from St. Peter’s University and Hudson County Community College.
