SOLD
Berkadia Brokers $3.15M Sale Of Linden Portfolio With Nat Gambuzza & Trevor Fiebel
104 Luttgen Place
MultiFamily
15,000 SF
15,000 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
MultiFamily
15,000 sqft
The two-building portfolio located in Linden, New Jersey has been successfully sold. The portfolio consists of 104 Luttgen Avenue, which comprises 8 units originally built as condominiums in 2008, and 415 E Elm Street, a two-story walk-up constructed in the 1930s. The sale price for this multifamily property was $3,150,000, with each unit valued at $196,875. The total square footage of the portfolio is approximately 15,000 square feet, resulting in a price per square foot of $210. The transaction took place in the Linden market of Union County.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Units: 16
- Price per Unit: $196,875
- Total Square Footage: 15,000
- Price per Square Foot: $210
- Address: 104 Luttgen Avenue & 415 E Elm Street
- Market: Linden
Berkadia represented the seller in this transaction. The buyer, who was engaged in a 1031 exchange, was also represented by the Berkadia team on both their upleg and downleg. The sale of this two-building portfolio marks another successful deal for Nat Gambuzza and Trevor Fiebel, who facilitated the transaction.
Players
All
7
Agents
6
Agencies
1
Details
SOLD
IMAGE: Nat Gambuzza & Trevor Fiebel
DATE: 06/30/2022
ADDRESS: 104 Luttgen Place & 415 E Elm Street
MARKET: Linden
ASSET TYPE: Multifamily
BROKER: Nat Gambuzza (@NatGambuzza), Trevor Fiebel (@TrevorTrevv), (@TrevorFiebel), Brian Antognini (@BrianAntognini), Spencer Beriont (@SpencerBeriont), Timothy Blashford (@TimothyBlashford) & Michael O'Reilly (@MichaelO'Reilly) - Berkadia
SALE PRICE: $3,150,000
UNITS: 16 ~ PPU: $196,875
SF: 15,000 ~ PPSF: $210
NOTE FROM BROKER: LINDEN PORTFOLIO
UNION COUNTY
16 UNITS
• Sale Price of $3,150,000
• $196,875 Per Unit
• Two Building Portfolio
• • Package Consisted of:
• o Luttgen Apartments (8 Units)
• o Elm Apartments (8 Units)
• 1031 Buyer represented on both his upleg and downleg
Nat Gambuzza and Trevor Fiebel are pleased to announce the closing of a two-building portfolio in Linden, New Jersey. The Union County portfolio included 104 Luttgen Avenue which is comprised of 8 units originally constructed as condominiums in 2008. 415 E Elm Street was a two-story walk-up constructed in the 1930s and consisted of 8 apartments and a Verizon leased cell tower. The Berkadia team represented the seller along with the 1031 buyer on both his upleg and downleg.View on map
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Address104 Luttgen Place
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