Vice President Davis Briones Arranges Exclusive Sale of New Luxury Apartment Building for Record Price Per Unit

Woodbridge, N.J., May 29, 2025 – The Kislak Company, Inc. announced the recent sale of 70 Central Lofts, a new luxury apartment building at 70 Central Avenue in Jersey City, Hudson County, New Jersey, for $20,000,000.

Kislak marketed the property on an exclusive basis on behalf of the seller, Legacy Development Group, with vice president Davis Briones handling the assignment and he also procured the purchaser, 70 Central Lofts, LLC.

Mr. Briones commented, “This landmark sale not only reflects the thriving Jersey City market but also sets the stage for continued growth and greater opportunity in the area. At $625,000 per unit, it is among the highest prices per unit paid for a new construction building in Jersey City.”

The sale price represents the highest price per unit achieved for a 10-plus unit multifamily property in Jersey City since 2021 according to data available from CoStar.

Completed in 2024, the property is a five-story building with 31 apartments, a parking garage for 32 cars and one retail unit with 1,696 square feet of space. The building includes 7,000 square feet of amenity space for the residents’ use. The apartments have high-end finishes and feature high ceilings; kitchens with modern cabinets, quartz countertops and stainless steel appliances; full-size washers and dryers; floor to ceiling windows; solid core doors; additional insulation for superior sound control; and balconies in select units.

The property is ideally located in the heart of Jersey City, strategically positioned on the border of Journal Square and The Heights. Conveniently located on Central Avenue between Beacon Avenue and Hopkins Avenue, the property is five minutes from the Journal Square PATH Station and Hudson-Bergen Light Rail.

The transaction was all cash. The seller’s attorneys were Russell Anderson and Anthony Bianco of Bertone Piccini LLP and the purchaser’s attorneys were from Schiller, Pittenger & Galvin, P.C.

Davis Briones joined Kislak in 2014 and specializes in multifamily and other investment sales in and around Hudson County, New Jersey. After his first year with Kislak, he received the firm’s prestigious Rookie of the Year Award, which recognizes a newer salesperson who records the greatest achievements during the year. Mr. Briones was promoted to a vice president in 2019 and in 2021 was recognized by the Mid-Atlantic Real Estate Journal in its 30 Under 30 Spotlight.

About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware, and Florida.

Now in its 119th year, Kislak was among a select group of firms recognized as a 2024 Power Broker by CoStar Group, Inc. and this was the firm’s 19th consecutive recognition. Kislak was also named by NJBIZ as a 2024 Leader in Real Estate, Construction and Design and this was the firm’s third recent recognition.