Marcus & Millichap Sells West New York Multifamily For $2.5M With Fahri Ozturk, Richard Gatto, & David Ferber As Brokers

A multifamily property located at 6008 Monroe Place in West New York, NJ has been sold for a price of $2,500,000. The property consists of 16 units with a price per unit of $156,250. The total square footage of the property is 10,850, resulting in a price per square foot of $230. This value-add multifamily asset presents an opportunity for growth and improvement.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,500,000
• Units: 16
• Price Per Unit: $156,250
• Square Footage: 10,850
• Price Per Square Foot: $230

The sale of this multifamily property was facilitated by Fahri Ozturk, Richard Gatto, and David Ferber, CPA from Marcus & Millichap. Their expertise and representation played a crucial role in the successful completion of this transaction.