Berkshire Hathaway HomeServices Acquires Multifamily Property In Lodi, NJ For $775,000

The multifamily property located at 86 Westervelt Pl in Lodi, NJ, was recently sold in a closed transaction. The property consists of 5 units and spans a total of 5,500 square feet. The sale price for this transaction was $775,000, which translates to a price per unit (PPU) of $155,000. The price per square foot (PPSF) for this property is $141. The property was listed with an asking price of $699,000.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $775,000
• Units: 5
• Price per Unit (PPU): $155,000
• Square Footage: 5,500
• Price per Square Foot (PPSF): $141

The buyer's representative for this transaction was Michael N. Todaro, from Michael Properties Golden Image Realty Ramsey. On the other hand, Aldo Merendino from Berkshire Hathaway Home Services represented the seller. These individuals played an instrumental role in facilitating the deal between the buyer and seller.