The property involved in the transaction is a multifamily asset located at 101 Thorne Street in Jersey City. It was sold for $1,640,000, consisting of 2 units within a total square footage of 3,500, resulting in a price per unit of $820,000 and a price per square foot of $468.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,640,000
• Units: 2
• Square Footage: 3,500
• Price Per Unit: $820,000
• Price Per Square Foot: $468
• Seller: Bimal Bhatt
• Buyer's Representative: Song Zhang - Alpha Metro Realty
• Seller's Representative: Steven Betancurth & Alicia Betancurth - Betancurth Real Estate Group - The Real Brokerage

In this transaction, the seller was represented by Steven Betancurth and Alicia Betancurth of Betancurth Real Estate Group, associated with The Real Brokerage. The buyer was represented by Song Zhang from Alpha Metro Realty, facilitating the sale of the multifamily property in the Jersey City market.