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1 Park Square, Rahway, NJ, ...

Updated Oct 13, 2026

One Wall Partners Acquires Property In Rahway For $34.9 Million Represented By Kevin O'Hearn JLL
SOLDMultiFamily

One Wall Partners Acquires Property In Rahway For $34.9 Million Represented By Kevin O'Hearn JLL

1 Park Square, Rahway, NJ, 07065

$34,900,000

Units

159

Asset Type

MultiFamily

Closing

Jan 21, 2019

About this deal

AI

The transaction involved the sale of Park Square, an apartment complex located at 1 Park Square, Rahway, NJ, 07065. The property comprises 159 units distributed across two adjacent four-story buildings that were completed in 2009 and 2011. Additionally, the complex features 6,000 square feet of ground-floor retail space. The total transaction amount was $34,900,000.

Summary of transaction details:

  • Property Type: Apartment Complex
  • Transaction Amount: $34,900,000.00
  • Address: 1 Park Square, Rahway, NJ, 07065
  • Market: Rahway
  • Buyer's Name: One Wall Partners
  • Seller's Representative: Kevin O’Hearn (JLL)
  • Seller: Roseland Residential Trust
  • Broker Team: Jose Cruz, Kevin O’Hearn, Stephen Simonelli, and Mark Mahasky (HFF)

The representation for the seller was handled by Kevin O’Hearn of JLL, alongside a team from HFF that included Jose Cruz, Stephen Simonelli, and Mark Mahasky, who negotiated the sale. One Wall Partners was identified as the buyer of this property.

On the Map

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$34,900,000

MultiFamily

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Players

Steve Simonelli

JLL

Broker

$5B

vol

67 deals

Broker
OP
Onewall PartnersBuyer

Rahway MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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