Ali Aksu Purchases Multifamily Property At 229 Summit Avenue For $1.41M With David Ferber

The asset involved in this transaction is a multifamily property located at 229 Summit Avenue in Jersey City. The sale price for the property was $1,410,000, and it comprises 6 units with a total square footage of 4,500, resulting in a price per unit of $235,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,410,000
• Units: 6
• Price per Unit: $235,000
• Square Footage: 4,500
• Buyer: Ali Aksu
• Seller: Michael Balducci
• Broker: David Ferber - Matthews
• Date of Transaction: 06/26/2026
• Market: Jersey City

In this transaction, Ali Aksu is the buyer and Michael Balducci the seller, with David Ferber from Matthews representing the seller in the deal. The negotiation concluded on June 26, 2026, within the Jersey City market, where this multifamily property was sold.