Morristown Multifamily Property Sold For $13.25M With Brokers Nat Gambuzza & Spencer Beriont

The property asset involved in this transaction is a multifamily building located at 10 Ford Avenue in the Morristown market. The sale price for the property was $13,250,000, and it contains 37 units. The total square footage of the asset is 40,000, which translates to a price per unit of $358,108 and a price per square foot of $331.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,250,000
• Units: 37
• Square Footage: 40,000
• Price Per Unit: $358,108
• Price Per Square Foot: $331

The individuals involved in this deal include brokers Nat Gambuzza and Spencer Beriont, representing Berkadia. Their expertise facilitated the transaction in the multifamily sector.