Gersh Group Acquires Multifamily Property In Newark For $720,000

The multifamily property located at 131-133 Huntington Ter in Newark, NJ has been sold. The sale was facilitated by Gershon Adjaye of Gersh Group, who represented the seller in the transaction. The property was listed with an asking price of $749,000 and ultimately sold for $720,000. It spans a total of 4,308 square feet, resulting in a price per square foot of $167.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $720,000
• Address: 131-133 Huntington Ter, Newark, NJ
• Market: Newark, NJ

The deal was successfully closed on the specified date of 08/31/2021. This transaction highlights the involvement of Gershon Adjaye from Gersh Group, who served as the seller's representative. The final sale price of $720,000 reflects the value of the property, which offers a total of 4,308 square feet to potential buyers.