David Jankowski & Mark Chalfin Acquire Claremont Multifamily Property For $12M

A multifamily property located at 440-450 Vista Drive, 514 Bucknell Ave., and 550 Bucknell Ave. in Claremont has been sold in a closed transaction. The property, consisting of 38 units, spans a total of 49,632 square feet. The sale price for the property was $12,000,000, which translates to a per-unit price of $315,789. The price per square foot is $241, and the capitalization rate is 2.8%. The property was on the market with an asking price of $12,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Address: 440-450 Vista Drive, 514 Bucknell Ave., and 550 Bucknell Ave.
• Market: Claremont

The buyer of the property is David Jankowski and Mark Chalfin. They acquired the property from the Revocable Living Trust of Joseph E. Davis, Jr. and Lorraine H. Davis. The brokers involved in the transaction were Darin Spillman from Hudson and Jay Martinez from Hudson.