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1 Prosper Place
SOLD

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

1 Prosper Place

MultiFamily
264,758 SF
clock iconSold 1 year ago
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Summary

Sale
NEW JERSEY
MultiFamily
264,758 sqft

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.

Players

  • All

    2

  • Agents

    1

  • Agencies

    1

Stephen Tragash's profile picture
Stephen Tragash
Gebroe-Hammer Associates-image
Executive Vice President
$54.6M Sold

Details

Deal Summary
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SOLD
IMAGE: Stephen Tragash DATE: 04/27/2021 ADDRESS: 1 Prosper Pl MARKET: Sparta ASSET TYPE: Multifamily BUYER: Sparta Residence LLC SELLER: NV MF Holdings LLC BROKER: Stephen Tragash - Gebroe-Hammer Associates PRICE: $14,650,000 UNITS: 60 ~ PPU: $244,167 ACRES: 90 ~ PPA: $162,778

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Address1 Prosper Place

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