Pacific Urban Acquires Multifamily Property In Lyndhurst, NJ For $130M

Located at 1301 Wall St. W in Lyndhurst, NJ, this multifamily property has recently been sold in a closed transaction. The property consists of 328 units, with a total square footage of 329,654. The sale price for this transaction was $130,000,000, resulting in a price per unit of $396,341 and a price per square foot of $394.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $130,000,000
• Units: 328
• Price per Unit: $396,341
• Total Square Footage: 329,654
• Price per Square Foot: $394
• Market: Lyndhurst, NJ

The buyer of this property is Pacific Urban, while the seller is Mesirow Financial. The transaction was facilitated by the brokers Jose Cruz, Michael Oliver, JB Bruno, Steve Simonelli, Kevin O'Hearn, and Jason Lundy from JLL.