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CRA Brokers $2.2M Sale of Two Multifamily Buildings in Jersey City

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The buildings, located at 458-460 and 549-551 Mercer St., consist of 14 residential units and a ground-floor retail space.

JERSEY CITY, N.J. — Capital Realty Associates, a New Jersey-based firm, has brokered the sale of two multifamily buildings in Jersey City. The buildings, located at 458-460 and 549-551 Mercer St., consist of 14 residential units and a ground-floor retail space. The sales price represents a capitalization rate of 5 percent. Solomon Halberstam represented the seller in the and procured the buyer in the transaction, which were both undisclosed.

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