JERSEY CITY, NJ— A 45,000-square-foot, 10-story office building in Jersey City, 880 Bergen Ave., will be transformed into a multifamily development following a $5.7 million sale brokered by CBRE.

CBRE Capital Markets Investment Properties’ Charles Berger and Mark Silverman in New Jersey, and Elli Klapperin New York, represented the seller and procured the out-of-state buyer in the transaction. The CBRE team worked with Bob Antonicello and Bobby Antonicello Jr. of Grid Real Estate, the second time the two brokerages have collaborated on a sale.

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