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Redwood Realty Brokers $4M Sale of Two Multifamily Properties in New Jersey

481-487 Communipaw Jersey City

In Jersey City, 481-487 Communipaw Avenue offers eight multifamily units.

JERSEY CITY AND NORTH BERGEN, N.J.  Redwood Realty Advisors has brokered the combined $4 million sale of two multifamily properties in Jersey City and North Bergen, two western suburbs of New York City. The Jersey City property, 481-487 Communipaw Avenue, is an eight-unit community comprised of two- and three-bedroom duplexes. The original developer sold the property. The North Bergen asset, 7328 Kennedy Boulevard, comprises 17 apartment units in two-bedroom floor plans. Steven Matovski of Redwood Realty Advisors procured  sellers and buyers in both transactions. Individual sales prices were undisclosed.

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