January 4, 2024
A private investor has acquired a 16-unit apartment building in Jersey City’s historic Bergen-Lafayette section, in a newly announced deal by Hudson Atlantic Realty.
Brokers say the property, 672 Grand St., traded for $2.35 million at a capitalization rate of 4.46 percent. Adding to the appeal was the building’s proximity to a slew of new developments in the neighborhood and to Hudson-Bergen Light Rail service, which provides commuters with access to Manhattan.