Sharbell Development Sells 64-Unit Multifamily Property In Robbinsville For $20 Million

A multifamily property located at 1 Liberty Street in Robbinsville has been sold for $20 million. This asset consists of 64 units, built in 2020, which translates to a per unit price of $312,500. The property is categorized as Class A multifamily housing, enhancing its market appeal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Units: 64
• Price Per Unit: $312,500
• Seller: Sharbell Development
• Broker: Adam Zweibel - Hudson Atlantic Realty
• Transaction Date: 07/23/2024

Adam Zweibel, the president of Hudson Atlantic Realty, represented Sharbell Development in this transaction. He facilitated the acquisition for an undisclosed buyer, successfully navigating a competitive market environment.