Mixed-Use Property in Jersey City Sells for $975,000

A mixed-use property in Jersey City has sold for 975,000, according to Weichert Realtors, which brokered the sale. The property, located at 241 Martin Luther King Dr, was listed for 1,200,000 and sold for $225,000 below asking price. The buyer and seller were not disclosed.

The property has a total of 4,194 square feet, resulting in a price per square foot of $232. The property is a mixed-use building, which includes both residential and commercial space. The building is located in a prime location in Jersey City, which has been experiencing significant growth in recent years.

The property was marketed by Natalie Esfandiari of The NJ Group at Weichert Realtors. Esfandiari has been active in the Jersey City real estate market for several years and has a strong track record of successful transactions. Weichert Realtors is a well-known real estate brokerage firm with a strong presence in the New Jersey market.

The sale of this property is indicative of the strong demand for mixed-use properties in Jersey City. With its prime location and attractive price per square foot, this property is likely to generate significant interest from both investors and owner-occupiers. The sale also highlights the importance of working with experienced brokers like Natalie Esfandiari and reputable firms like Weichert Realtors when buying or selling commercial real estate.