8C — October 21 - November 17, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal


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O wners , D evelopers & M anagers Solomon Halberstam completes Jersey City sale Capital Realty Associates inks sale of multifamily portfolio $6.9 million.

J ERSEY CITY, NJ — Capital Realty Associ- ates , a New Jersey-based commercial real estate brokerage firm specializing in multifamily property sales, recently announced Solomon Halberstam , sales associate, completed the sale of a three- building multifamily portfolio in Jersey City. The properties included 6, 8 and 10 Bergen Ave., a 24-unit building, 484 Central Ave., seven-unit build- ing and 938 Westside Ave., a 12-unit building. The buyer sale of Slip- pery Rock Land and Plans in Slip- pery Rock, to a private buyer on all cash terms. The pro- posed facility sits on Rte. 173 with 600 ft. of Brian Davison

“The multifamily sector in Jersey City is extremely active with numerous property sales taking place throughout the city,” said Halberstam. “De - spite higher interest rates and other economic uncertainties, this market remains very hot, and continues to be a target for investors who are looking to capitalize on incredible rent growth and new develop- ment going on all over Jersey City and the New York Metro area,” he added. MAREJ span 2.6 acres. The remaining 10 acres are zoned commercial, presenting the buyer with the opportunity to sell or develop. Slippery Rock is a fully ap - proved self storage project, giving the buyer the ability to obtain building permits post closing. The facility itself is slated to consist of 220 storage units within 24,000 rentable s/f. VP of brokerage Brian Da- vison brokered this transac - tion. MAREJ

is a New York-based private investor. The sale price was 6, 8, 10 Bergen Avenue

IRE's Davison brokers sale of Slippery Rock Land & Plans SLIPPERY ROCK, PA — Investment Real Estate, LLC (IRE) announced the

Route 173

road frontage and is just min- utes away from Slippery Rock University as well as apart- ment complexes, student hous- ing and singlefamily homes. This parcel is a total of 10.6 acres but the facility itself will

For more information call or email Lea Christman today! 781.740.2900 lea@marejournal.com


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