Bibas Development Purchases Multifamily Property At 10 Franklin Avenue From Francisco Garcia For $1.475M

The asset involved in this transaction is a multifamily property located at 10 Franklin Avenue in Harrison. The sale was completed at a price of $1,475,000 for a building that consists of 6 units and spans a total area of 5,658 square feet, resulting in a price per unit of $245,833 and a price per square foot of $260.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,475,000
• Units: 6
• Square Footage: 5,658
• Price Per Unit: $245,833
• Price Per Square Foot: $260
• Buyer: Bibas Development
• Seller: Francisco Garcia
• Seller's Representative: Francisco J. Garcia
• Date of Transaction: 7/31/2025

Key individuals involved in this transaction include the buyer, Bibas Development, and the seller, Francisco Garcia, who also acts as his own representative in this deal. This reflects a direct engagement in the transaction from both parties, highlighting the streamlined approach taken during the sale process.