facebook
Traded Co logo
Submit a Deal

Hudson Acquisition 9, LLC Acquires Newark Multifamily For $1.2M

316-318 Mount Prospect Avenue
PointingArrow
ShareContact

This MultiFamily property located in NJ was sold for $1,214,500 about 2 years ago. The broker of the deal was Jed Matricaria

The multifamily property located at 316-318 Mt Prospect Ave in Newark was recently sold for a price of $1,214,500. The property consists of 8 units, with an average price per unit of $151,813. The total square footage of the property is 8,000, resulting in a price per square foot of $152. The transaction took place on December 30, 2021, and the buyer was Hudson Acquisition 9, LLC, while the seller was 316 MPA, LLC. The deal was facilitated by Jed Matricaria from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,214,500
  • Address: 316-318 Mt Prospect Ave, Newark
  • Market: Newark

Jed Matricaria from Marcus & Millichap played a significant role in the transaction as the broker representing the parties involved. This deal illustrates the demand for multifamily properties in Newark's market, with 8 units being sold at an average price per unit of $151,813. The property's total square footage of 8,000 and a price per square foot of $152 further highlight its value in the market.

View Related

Deals
  • Location
    316 Mount Prospect Avenue, Newark, New Jersey 07104, United States316 Mount Prospect Avenue, Newark, New Jersey 07104, United States
  • Sale Price
    $1,214,500$1,214,500
    $151 PPSF$151 PPSF
  • Area
    8,000 SF8,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Jed Matricaria

Jed Matricaria

Deals14
Sold$81.4M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Social

Deal Summary

SALE IMAGE: Jed Matricaria DATE: 12/30/2021 ADDRESS: 316-318 Mt Prospect Ave MARKET: Newark ASSET TYPE: Multifamily BUYER: Hudson Acquisition 9, LLC SELLER: 316 MPA, LLC BROKER: Jed Matricaria (@JedMatricaria) - Marcus & Millichap SALE PRICE: $1,214,500 UNITS: 8 ~ PPU: $151,813 SF: 8,000 ~ PPSF: $152

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

316-318 Mount Prospect Avenue

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits