A multifamily property located at 167 Smith Street in Elizabeth has been sold in a recent transaction. The property consists of 6 units with a total square footage of 4,776. The sale price for this transaction was $485,000, resulting in a price per unit of $80,833 and a price per square foot of $102.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $485,000
• Address: 167 Smith Street
• Market: Elizabeth
• Units: 6
• Price per Unit: $80,833
• Square Footage: 4,776
• Price per Square Foot: $102

The buyer for this transaction is Jonathan Zarka, representing Lightrock Management. The seller is Maria Catalanotto.

Note from the buyer: Jonathan Zarka and Lightrock Management are actively looking to acquire multifamily properties in New Jersey and Connecticut within the price range of $500,000 to $30 million. They are interested in any properties that fit this criteria.