Sami Louka Purchases Multifamily Property At 71 West 16th Street Bayonne For $675,000

The property asset involved in this transaction is a multifamily building located at 71 West 16th Street in Bayonne. The sale price was $675,000, and the property features 2 units with a square footage of 1,788. The price per unit was $337,500, and the price per square foot amounted to $377.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $675,000
• Units: 2
• Square Footage: 1,788
• Price Per Unit: $337,500
• Price Per Square Foot: $377
• Buyer: Sami Louka
• Seller: Werner Figar
• Seller's Representative: Gershon Adjaye - Keller WilliamsTeam Realty

Multiple offers were received within the first day of showings, leading to a full price offer being accepted by the seller with no contingencies. The listing agent, Gershon Adjaye, mentioned that other multifamily properties are available and will be coming to market soon.