Joseph Aziz Facilitates $1M Multifamily Sale On 75th Street, North Bergen

The multifamily property located at 427 75th Street in North Bergen was recently sold for $1,000,000. The property consists of 7 units with a total square footage of 4,000. The price per unit equated to $142,857, and the price per square foot was $250. The cap rate for this transaction was 2%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Units: 7
• Square Footage: 4,000
• Price per Unit: $142,857
• Price per Square Foot: $250
• Cap Rate: 2%
• Address: 427 75th Street, North Bergen
• Broker: Joseph Aziz - Prestige Property Group

Joseph Aziz from Prestige Property Group represented the parties involved in this transaction as the broker. The deal took place on May 17, 2024.