Jersey City Rent-Controlled Apartment Portfolio Changes Hands in Multi-Million Dollar Sale
A portfolio of rent-controlled apartment buildings in Jersey City sold for $13.8 million, indicating investor interest in the city’s multifamily housing market despite economic headwinds. The sale featured two residential buildings at 546 and 565 Bergen Avenue with 68 rent-controlled apartments and one ground-floor shop space. Hudson Atlantic Realty helped Axial Partners sell the properties….

