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Capital Realty negotiates $23M Jersey City portfolio sale

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Capital Realty Associates announced Wednesday the $23.2 million sale of 10 buildings, comprising 304 residential units, in Jersey City.

According to the company, the deal is the largest multifamily property sale in Hudson County this year, in both unit number and price.

The buildings were approximately 98 percent occupied at the time of sale, according to Capital's announcement. The rent for the apartments, which include some studio and one, two and three-bedroom units, ranges from $620 to $1,300 monthly.

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