MFP Realty Acquires Multifamily Assets In Newark & East Newark For $3.15M

Three multifamily properties located at 96 Jackson Street, 65 Lang Street, and 442 John Street in Newark & East Newark have been sold in a recent transaction. The sale was facilitated by Julie Gralla from The Kislak Company, Inc. The buyer, MFP Realty, acquired the properties from Jackson Street, LLC, FKJ Realty Holdings, LLC, and 442 John Street, LLC.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $3,150,000
• Units: 20
• Price Per Unit (PPU): $157,500

This transaction marks an important acquisition for MFP Realty, expanding their portfolio in the Newark & East Newark market. The properties involved in the sale offer a total of 20 units, with each unit estimated to cost approximately $157,500 based on the sale price.

Julie Gralla, representing The Kislak Company, Inc, played a significant role in facilitating the transaction. Her expertise in the market and her relationship with both the buyer and the sellers contributed to the successful completion of this deal.