Murray Bibas Of Bibas Development Purchases Multifamily Property In Harrison For $4.45M

The property asset involved in the transaction is a multifamily building located at 302-304 North 3rd Street in the Harrison market. The sale price of the property was $4,455,000, encompassing a total of 20 units. The building has a square footage of 13,808, translating to a price per unit of $222,750 and a price per square foot of $322.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,455,000
• Units: 20
• Square Footage: 13,808
• Price per Unit: $222,750
• Price per Square Foot: $322
• Buyer: Murray Bibas - Bibas Development
• Seller: Lazer Herman
• Date of Transaction: 01/14/2026

The key individuals involved in the transaction include Murray Bibas, who represented Bibas Development as the buyer, and Lazer Herman, the seller of the property. Their roles highlight the direct involvement of these parties in the completion of the sale.