Murray Bibas Of Bibas Development Purchases Multifamily Asset From Lazer Herman For $1.325M

The property asset involved in this transaction is a multifamily unit located at 17 Franklin Avenue in Harrison. The sale price was $1,325,000, and the asset comprises 6 units. The total square footage of the property is 4,944, which brings the price per square foot to $268, and the price per unit to $220,833.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,325,000
• Address: 17 Franklin Avenue
• Market: Harrison
• Units: 6
• Square Footage: 4,944
• Price Per Square Foot: $268
• Price Per Unit: $220,833
• Buyer: Murray Bibas - Bibas Development
• Seller: Lazer Herman

The key individuals involved in this deal include Murray Bibas, who represents Bibas Development as the buyer, and Lazer Herman, the seller. This transaction reflects the interests of both parties in the multifamily asset within the Harrison market.