The property involved in this transaction is a multifamily asset located at 114 & 126 Market Street in Newark. It comprises 50 units, with a total square footage of 32,000. The sale price for the property was set at $2,500,000, resulting in a price per unit of $50,000 and a price per square foot of $78.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,500,000
• Units: 50
• Square Footage: 32,000
• Price Per Unit: $50,000
• Price Per Square Foot: $78
• Buyer: Pinchas Teitelbaum - Reset Capital
• Seller: Edward Alfaks
• Market: Newark

Pinchas Teitelbaum, representing Reset Capital, was the buyer in this transaction, while Edward Alfaks served as the seller. The deal showcases a significant step in the multifamily market, reflecting activities between these key individuals and their respective companies.