Kenneth Gonzalez Acquires 614-616 Meadow Street Multifamily For $1.1M

The multifamily property located at 614-616 Meadow Street in Elizabeth was sold for $1,100,000. The transaction involved a total of 2 units, with each unit priced at $550,000. The property spans 3,458 square feet, equating to a price per square foot of $318.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,100,000
• Address: 614-616 Meadow Street
• Market: Elizabeth
• Units: 2
• Price per Unit: $550,000
• Square Footage: 3,458
• Price per Square Foot: $318

The sale was facilitated by Jonathan Cardona from The Nunez Group at Lifestyle International Realty NJ. He proudly disclosed that the property achieved the highest selling price of $1,100,000, emphasizing its significance in setting a new standard in the market. The successful sale of this renovated two-family house demonstrates that remarkable success can be attained even without the need for new construction.