Vish Veda Purchases Multifamily Property From Richard Tono In Jersey City For $1.2M

The asset involved in this transaction is a multifamily property located at 65 Hopkins Avenue in Jersey City. The seller, Richard Tono, successfully concluded the sale at a price of $1,200,000 for the 6-unit building, which has a total square footage of 6,600. The price per unit was calculated at $200,000, and the price per square foot stands at $181.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Units: 6
• Square Footage: 6,600
• Price per Unit: $200,000
• Price per Square Foot: $181
• Buyer: Vish Veda
• Seller: Richard Tono
• Brokers: Chris Vitiello & Gregory Edgell - Grid Real Estate

Chris Vitiello and Gregory Edgell represented the seller in this transaction, highlighting their role in facilitating the deal. Their expert negotiation led to a successful sale, and they invite potential sellers to reach out if they have a property to sell, providing their contact number 551-204-1361.