Lazer Herman Acquires 6-Unit Multifamily Property In Kearny, NJ For $1M

Located at 71 Hoyt Street in Kearny, NJ, this multifamily property was recently sold in a closed transaction. The property consists of 6 units and spans across 8,000 square feet. The sale price of this property was $1,000,000, resulting in a per unit price of $166,667 and a price per square foot of $125.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Address: 71 Hoyt Street, Kearny, NJ
• Market: Kearny, NJ
• Units: 6
• Price per Unit: $166,667
• Square Footage: 8,000
• Price per Square Foot: $125

Lazer Herman acquired the property from David Ribeiro in this transaction. The deal was facilitated by Sylvia Guillmine from Landstone Capital Group, who represented the buyer. It's worth noting that Ernest Lefkowitz brokered the loan on behalf of Herman Hoyt LLC.