Mahmoud Nassar Purchases Multifamily From John Stevens

A multifamily asset at 234 Burgess Place in the Passaic market sold for $875,000 and comprises 2,064 square feet, at a price of $423 per square foot.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $875,000
• Address: 234 Burgess Place
• Market: Passaic
• Date: 07/16/2025
• SF: 2,064
• PPSF: $423
• Buyer: Mahmoud Nassar
• Seller: John Stevens
• Brokers: Joseph Domenech - KW Commercial; Aidan Alverson - KW Commercial; Joseph Spinella - KW Commercial; Henry Eisenstein - EXP Realty
• Note from broker: Joseph Spinella - Director of Commercial Real Estate KW

The buyer was Mahmoud Nassar and the seller was John Stevens, with representation from KW Commercial brokers Joseph Domenech, Aidan Alverson, and Joseph Spinella, and EXP Realty’s Henry Eisenstein. Joseph Spinella is identified as Director of Commercial Real Estate for KW.