Evelyn Rafter & Michael Arabia Complete Sale Of Multifamily Building In Edgewater For $1.95M

A five-family building located at 401 Undercliff Avenue in Edgewater has been sold for $1,950,000. This equates to $354 per square foot for a total of 5,502 square feet of space.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,950,000
• Units: 5
• Price per Unit: $390,000
• Square Footage: 5,502
• Price per Square Foot: $354
• Brokers: Evelyn Rafter & Michael Arabia - Evelyn G. Rafter & Associates

The property features updated kitchens, new appliances, five off-street parking spaces, four garages, and a backyard.