Berkadia Brokers Sale Of Elizabeth Multifamily Asset For $3.775M With 28 Units

The property asset involved in this transaction is a multifamily building located at 574-580 Jefferson Avenue in Elizabeth. It was sold for $3,775,000, comprising 28 units and featuring a total square footage of 30,000, resulting in a price per unit of $134,821 and a price per square foot of $125.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,775,000
• Units: 28
• Square Footage: 30,000
• Price Per Unit: $134,821
• Price Per Square Foot: $125
• Market: Elizabeth

The brokers involved in this transaction were Nat Gambuzza, Trevor Fiebel, and Nick Balancia from Berkadia, playing a crucial role in facilitating the sale of the property.