Muk Chad Acquires Multifamily Asset In Jersey City From Yee Leong For $4M

The asset involved in this transaction is a multifamily property located at 729-735 Montgomery Street in Jersey City. The sale price of the property is $4,000,000, comprising 16 units with a price per unit of $250,000. The property spans a total square footage of 15,600, resulting in a price per square foot of $256.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Units: 16
• Price Per Unit: $250,000
• Square Footage: 15,600
• Price Per Square Foot: $256
• Buyer: Muk Chad
• Seller: Yee Leong
• Brokers: Steven Matovski & Liam Holman - Redwood Realty Advisors

The transaction was facilitated by brokers Steven Matovski and Liam Holman, who represent Redwood Realty Advisors in this deal. Muk Chad is recognized as the buyer while Yee Leong is acknowledged as the seller, contributing to the closing of this multifamily property transaction.