Marcus & Millichap Sells $17.7 Million Luxury Apartments in Jersey City
“Journal Square has witnessed a surge in recent development, with new projects finally breaking ground and being constructed. This expansion of the neighborhood speaks to the demand for high-quality assets like 6ixBoroJC.” said Jonathan Zamora, first vice president of investments. “This sale demonstrates our ability to navigate the volatile interest rate market and successfully close deals despite the challenging environment we are in.”
Zamora, investment specialist in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller. The buyer, a New Jesey-based private developer, was also procured by Zamora.
The property is located at 211 Baldwin St. The newly constructed, boutique building consists of three studios, 35 one-bedroom units, and seven two-bedroom apartments. Building amenities include a fitness center, on-site parking, a pet washing station, a resident lounge, and more. Apartments units feature spacious kitchens, heated bathroom floors, in-unit laundry, and private roof decks and balconies with views of the New York City skyline. 6ixBoroJC is a six-minute walk to Journal Square PATH Station in Jersey City, that provides convenient, 24/7 access to lower and midtown Manhattan. Over 18 lines are accessible within two stops from the Journal Square PATH.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.