Sparta Residence LLC Acquires Multifamily Property On Prosper Pl In Sparta For $14.65M

Located at 1 Prosper Pl in Sparta, this multifamily property was recently sold in a transaction facilitated by Stephen Tragash of Gebroe-Hammer Associates. The property, consisting of 60 units, was sold by NV MF Holdings LLC to Sparta Residence LLC for a total price of $14,650,000. This equates to a per unit price of $244,167. The property sits on 90 acres, with a price per acre of $162,778.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $14,650,000
• Address: 1 Prosper Pl, Sparta
• Market: Sparta
• Units: 60
• Price per Unit: $244,167
• Total Acres: 90
• Price per Acre: $162,778

Stephen Tragash of Gebroe-Hammer Associates represented Sparta Residence LLC in this transaction as their broker. This sale showcases the expertise and professionalism of the individuals involved in the deal.