Real Estate Weekly
Image default
Deals & Dealmakers

Section 8 property offers long-term opportunity

New York City-based Dane Professional Consulting Group, a company that specializes in affordable housing and real estate, has been retained as the exclusive agent in the sale of Brunswick Estates in Jersey City, NJ.

Brunswick Estates
Brunswick Estates

The 14 building, Project-Based Section 8 property is comprised of one, two and three-story row houses, featuring 131 residential units in total.

Initially occupied in 1985, the property is divided into 34 two-bedroom apartments (750 s/f; one bath), six handicap two-bedroom apartments (750 s/f; one bath), 58 three-bedroom apartments (900 s/f; one and a half baths), 22 four-bedroom apartments (1,175 s/f; two baths) and 10 five-bedroom apartments (1,500 s/f; two baths).
Located in the downtown section of Jersey City, Brunswick Estates is close to major retail corridors, public transportation and the Hudson waterfront (one mile east).

Heidi Burkhart, president of Dane PCG, said, “As Jersey City continues to develop and experience a surge in economic activity, due in part to the families and young professionals taking advantage of the flourishing community, Brunswick Estates presents an ideal opportunity for a purchaser to enhance their portfolio holdings and maintain a strong rental property for years to come.”

Dane PCG has a second Project-Based Section 8 property, featuring 138 units, available in Newark, NJ.

Related posts

National Equity Fund Provides $27 Million Loan to Refinance Affordable Housing Community in Staten Island

REW

One One Eight Launches in East Village!

REW

Innovative Jewish Center designed by Landau Zinder celebrates grand opening, serves an evolving community

REW