Orchard Court Apartments LLC Acquires 156-Unit Multifamily Property In Pennsville For $16M

The multifamily property located at 1000 Carroll Ave in Pennsville has been sold in a recent transaction. The property spans across 14.2 acres and is situated in the Pennsville market. The deal was completed on October 26, 2021.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $16,000,000
• Address: 1000 Carroll Ave
• Market: Pennsville
• Asset Type: Multifamily
• Acres: 14.2

The buyer of the property is Orchard Court Apartments LLC. They acquired the property from the seller, Kamson Corp. The deal was facilitated by brokers Barry Waisbrod, Jason Pucci, and Justin Lupo, who represented both the buyer and the seller. The brokers work at The Kislak Co.

The transaction involved a total of 156 units, and the price per unit (PPU) was $102,564.