Michael Matalon Of Burke Leighton Group Acquires Multifamily Property In Asbury Park For $2.1M

The property asset involved in the transaction is a multifamily unit located at 404 Seventh Avenue, Asbury Park. The sale price for this asset was $2,100,000, which encompasses a total of 6 units. The square footage of the property is 5,760, resulting in a price per unit of $350,000 and a price per square foot of $364.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,100,000
• Units: 6
• Square Footage: 5,760
• Price per Unit: $350,000
• Price per Square Foot: $364
• Buyer: Michael Matalon - Burke Leighton Group
• Buyer's Representative: Frank Henry - Brokers Network
• Seller's Representative: Ron Schrader Jr. - Sitar Realty Company

The transaction included key individuals from both the buyer's and seller's side. Michael Matalon represented the buyer, Burke Leighton Group, in this deal, while Frank Henry of Brokers Network acted as the representative for the buyer. On the seller's side, Ron Schrader Jr. from Sitar Realty Company represented the seller in the transaction.