Isaac Sebbag & Veronique Hut Acquire Garfield Multifamily For $1.25M

Located in Garfield, NJ, this multifamily property at 232 Midland Ave has recently sold for a price of $1,250,000. With a total of 7 units, the per unit price comes out to be $178,571. The property spans over an area of 7,000 square feet, resulting in a price per square foot of $179.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,250,000
• Address: 232 Midland Ave, Garfield, NJ
• Market: Garfield

The buyer of this property is Isaac Sebbag from Golden Sky Equities, along with Veronique Hut. Representing the buyer, Lauren Federgreen from Rose Real Estate facilitated the deal. Veronique Hut also played a role in the transaction as the lender, representing Brick City.

Golden Sky Equities continues its pursuit of small to mid-size multifamily and mixed-use buildings with this acquisition. The property in Garfield, NJ offers a solid cash flow opportunity with potential for renovation and implementation of a third business plan.