Updated Oct 13, 2026
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
$34,900,000
MultiFamily
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Players
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