SOLD
Spaxel Acquires Multifamily Portfolio In East Orange, NJ For $113M
106, 111, 120, 158, 179, 255, 275, 296, 94 South Harrison Street & 650 Park Avenue
MultiFamily
Sold 1 year ago
Summary
Sale
NEW JERSEY
MultiFamily
An eight-property multifamily portfolio in East Orange, NJ has been sold for a total of $113,000,000. The portfolio consists of 641 units, with an average price per unit of $176,287. The properties included in the sale are located at 106, 111, 120, 158, 179, 255, 275, and 296 S. Harrison St, as well as 94 S. Harrison St and 650 Park Ave.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $113,000,000
- Units: 641
- Price Per Unit: $176,287
- Address: 106, 111, 120, 158, 179, 255, 275, 296 S. Harrison St and 94 S. Harrison St, 650 Park Ave, East Orange, NJ
Gebroe-Hammer Associates represented the buyer, Spaxel, in the transaction. Joseph Brecher, David Oropeza, and Niko Nicolaou from Gebroe-Hammer Associates acted as the brokers for the deal.
Players
All
5
Agents
3
Agencies
2
Details
SOLD
IMAGE: Joseph Brecher, David Oropeza & Niko Nicolaou
DATE: 11/01/2021
ADDRESS: 106, 111, 120, 158, 179, 255, 275, 296, 94 S. Harrison St & 650 Park Ave
MARKET: East Orange, NJ
ASSET TYPE: Multifamily
BUYER: Spaxel
SELLER: Milrose
BROKERS: Joseph Brecher, David Oropeza & Niko Nicolaou - Gebroe-Hammer Associates
SALE PRICE: $113,000,000
UNITS: 641 ~ PPU: $176,287View on map
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Address106, 111, 120, 158, 179, 255, 275, 296, 94 South Harrison Street & 650 Park Avenue
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