Nine Block Real Estate Acquires 7-Unit Multifamily In Newark For $960K

Seven multifamily units located at 612 N. 5th St. in Newark, NJ, have been sold for $960,000. The property was purchased by Nine Block Real Estate, represented by Menasha Davidovitz. The seller, Danny Tommasino, enlisted the services of Zachary Fuchs and Moshe Goldberger from GFI Realty as brokers in the transaction. This transaction represents a per unit price of $137,142.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $960,000
• Address: 612 N. 5th St., Newark, NJ
• Market: Newark, NJ
• Buyer: Nine Block Real Estate - Menasha Davidovitz
• Seller: Danny Tommasino
• Brokers: Zachary Fuchs & Moshe Goldberger - GFI Realty
• Units: 7
• Price per Unit: $137,142

Menasha Davidovitz of Nine Block Real Estate acted as the buyer in this transaction. Representing the seller was Danny Tommasino. The deal was facilitated by brokers Zachary Fuchs and Moshe Goldberger from GFI Realty. The sale of this multifamily property for $960,000 demonstrates the continued growth and investment potential in Newark, NJ's real estate market.