Multifamily Property in Tenafly Sells for $1.09 Million

A two-unit multifamily property located at 44 Newcomb Rd in Tenafly has been sold for 1.09 million. The property was listed by Young S. Joo of Young Star Realty, LLC and represented by Kenneth Koh of RE/MAX Fortune Properties. The property consists of two units, each priced at 545,000. The property is located in a desirable area of Tenafly and is in close proximity to schools, parks, and shopping centers.

The buyer of the property has not been disclosed, but it is known that they were represented by Kenneth Koh of RE/MAX Fortune Properties. The seller, Young S. Joo of Young Star Realty, LLC, has been in the real estate business for over 20 years and has a reputation for being a skilled negotiator.

The sale of this property is indicative of the strong demand for multifamily properties in Tenafly. The area has seen a surge in demand for rental properties, as more people are looking to rent rather than buy. This has led to an increase in the number of multifamily properties being built in the area, as developers seek to capitalize on the demand.

The sale of this property is also a testament to the skills of the brokers involved in the transaction. Kenneth Koh of RE/MAX Fortune Properties and Young S. Joo of Young Star Realty, LLC are both experienced brokers who have a deep understanding of the Tenafly real estate market. Their expertise and negotiating skills were instrumental in closing this deal.

Overall, the sale of this multifamily property in Tenafly is a positive sign for the local real estate market. It shows that there is strong demand for multifamily properties in the area, and that skilled brokers are able to close deals even in a competitive market.