Carla De Mello-Ferreira Of Rosa Agency-Ironbound, LLC Sells Newark Multifamily For $1.1M

The property asset involved in this transaction is a multifamily home located at 32-34 Saint Francis Street in Newark. This well-maintained 3-family home features 8 bedrooms and 5 bathrooms, is accompanied by a large 2-car garage, and includes a driveway with space for 3 cars. The private fenced backyard adds to its appeal, and its location offers close proximity to amenities such as supermarkets, pharmacies, highways, and the Turnpike, while maintaining a quiet street environment near Ferry Street. The sale price for this property was $1,100,000, resulting in a price per unit of $366,667.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,100,000
• Units: 3
• Price Per Unit: $366,667
• Broker: Carla De Mello-Ferreira - Rosa Agency-Ironbound, LLC

Carla De Mello-Ferreira of Rosa Agency-Ironbound, LLC, acted as the broker for the sale of the aforementioned property, representing the parties involved in the transaction while facilitating a seamless process. The residential aspect of this multifamily home showcases its viability as an investment in a vibrant community, further underscored by its strategic location in the Ironbound section of Newark.