Ron La Russo Acquires Multifamily Property In West New York For $3.34M From Steven Gelbtuch

The asset involved in the transaction is a multifamily property located at 31 66th Street in West New York. The sale price of the property was $3,340,000, and it comprises a total of 20 units. The property has a total square footage of 15,970, resulting in a price per unit of $167,000 and a price per square foot of $209.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,340,000
• Units: 20
• Price Per Unit: $167,000
• Square Footage: 15,970
• Price Per Square Foot: $209
• Buyer: Ron La Russo
• Seller: Steven Gelbtuch
• Brokers: Chris Cervelli & Christopher Gerena - Cervelli Real Estate & Property Management

Key individuals in this transaction include Ron La Russo, who acted as the buyer, and Steven Gelbtuch, the seller of the property. The brokers representing the transaction are Chris Cervelli and Christopher Gerena, part of Cervelli Real Estate & Property Management, facilitating the deal between the transacting parties.