JERSEY CITY, NJ – Excelsior Equities has sold the mixed-use multifamily property, 125 Magnolia in Jersey City, NJ to Spring Management for $25 million.
The sale represents a new benchmark for the Jersey City neighborhood of Journal Square, within the elevatored/pre-war apartment building category.
Built in 1929, 125 Magnolia at Journal Square features 94 residential units and five ground-floor retail units. The property's apartment units range from studio, one-bedroom and two-bedroom floorplans.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
