SAGE Investment Real Estate Advisors Sells Multifamily Property At 105 Grove Street For $4.2M

The property asset involved in this transaction is a multifamily building located at 105 Grove Street in Elizabeth, New Jersey. The sale price of the asset was $4,200,000, and it consists of 31 units, resulting in a price per unit of approximately $135,484.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Units: 31
• Price per Unit: $135,484
• Broker: Steve Tragash - SAGE Investment Real Estate Advisors
• Date of Sale: 07/19/2024
• Market: Elizabeth

This transaction is part of SAGE Investment Real Estate Advisors' ongoing success in North Jersey, with this being their third multifamily deal in the area. The firm has surpassed $40 million in sales this year and welcomed Eli Herskowitz as a new principal focused on leading their transactions in Central Jersey.