ORCHARD19 LLC Purchases Multifamily Property From Michael Balducci In Jersey City For $1.275M

The property asset involved in this transaction is multifamily in nature, located at 19 Orchard Street in Jersey City. The property was sold for a total amount of $1,275,000 and comprises 6 units across a total area of 4,500 square feet, leading to a price per unit of $212,500.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,275,000
• Units: 6
• Price Per Unit: $212,500
• Square Footage: 4,500
• Buyer: ORCHARD19 LLC
• Seller: Michael Balducci
• Broker: David Ferber - Matthews

Key participants in this transaction include the buyer, ORCHARD19 LLC, and the seller, Michael Balducci. The deal was facilitated by broker David Ferber, who represents Matthews in this transaction.