(To read more on the multifamily market, click here.)
JERSEY CITY-The highest purchase price ever paid for a high-risecondo residence in this city has been recorded at the Beacon,Metrovest Equities' mixed-use project here. According to GeorgeFilopoulos, president of the New York-based Metrovest, a privatebuyer is paying $2.3 million for the two-story, top-floor home inthe project's Capitol building. The three-bedroom unit totals 3,195sf of interior space and 2,100 sf of additional outdoor terracespace.
With the sale, the first two buildings of the downtown-locatedBeacon are 85% sold out, Filopoulos says. "Many of the buyers, ofcourse, are Manhattan residents who find our prices veryappealing," he says. "The market has confidence in the Beacon."
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