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Re: 21-unit four-story building at 969 Summit Ave sells for just under $3 Mil.
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The building is a WRECK!

Posted on: 2008/4/27 13:14
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Re: 21-unit four-story building at 969 Summit Ave sells for just under $3 Mil.
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So did the building at 969 Summit Ave sell for just under $3M or for $1.3M?

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GrovePath wrote:
21-unit four-story building at 969 Summit Ave sells for just under $3 Mil.

JERSEY CITY, NJ-In separate transactions, two apartment buildings here and in neighboring Bayonne have been sold for just less than $2.8 million. The sales are part of a recent run by brokers from Gebroe-Hammer Associates, Livingston, NJ, that has seen a half-dozen apartment buildings with 177 units in Hudson County change hands for a total of more than $11.6 million.

In the latest sale, the 21-unit four-story building at 969 Summit Ave. of this city?s Heights section was sold for around $1.3 million, or about $63,000 per unit. The seller was a local group, the buyer an individual private investor, "drawn by the building?s location near public transportation and the Holland Tunnel, which is only five minutes away," says G-H sales associate Benjamin Greenstein.

http://www.globest.com/news/1144_1144/newjersey/170244-1.html

Posted on: 2008/4/25 20:22
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21-unit four-story building at 969 Summit Ave sells for just under $3 Mil.
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21-unit four-story building at 969 Summit Ave sells for just under $3 Mil.

JERSEY CITY, NJ-In separate transactions, two apartment buildings here and in neighboring Bayonne have been sold for just less than $2.8 million. The sales are part of a recent run by brokers from Gebroe-Hammer Associates, Livingston, NJ, that has seen a half-dozen apartment buildings with 177 units in Hudson County change hands for a total of more than $11.6 million.

In the latest sale, the 21-unit four-story building at 969 Summit Ave. of this city?s Heights section was sold for around $1.3 million, or about $63,000 per unit. The seller was a local group, the buyer an individual private investor, "drawn by the building?s location near public transportation and the Holland Tunnel, which is only five minutes away," says G-H sales associate Benjamin Greenstein.

http://www.globest.com/news/1144_1144/newjersey/170244-1.html

Posted on: 2008/4/25 19:53
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