Murray Bibas Of Bibas Development Acquires Harrison Multifamily Asset For $1,050,000

The property asset involved in this transaction is a multifamily asset located at 19 Franklin Avenue in Harrison. The sale price for the property was $1,050,000. The asset consists of 6 units, with a price per unit of $175,000. The total square footage of the building is 5,530, resulting in a price per square foot of $189.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,050,000
• Units: 6
• Price Per Unit: $175,000
• Square Footage: 5,530
• Price Per Square Foot: $189
• Buyer: Murray Bibas - Bibas Development
• Seller: Jose Alves
• Seller's Representative: Luis Pinto - The Bixler Group, LLC

This transaction involved Murray Bibas representing Bibas Development as the buyer acquiring the property from seller Jose Alves, who was represented by Luis Pinto from The Bixler Group, LLC. The deal highlights the collaboration between the parties involved in completing the transaction successfully.