Berkadia Represents Seller In Stuyvesant Apartments Mixed-Use Sale In Union For $20.25M

The Stuyvesant Apartments are a mixed-use community located in Union Township, New Jersey. This property, sold for $20,250,000, includes 150 units consisting of 100 apartments and 50 micro office suites. The total square footage of the asset is 150,000, with a price per unit of $135,000 and a price per square foot of $135. The community features six three-story walkup buildings, semi-private entrances, and various amenities such as a common laundry facility, 35 garages, and surface parking.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $20,250,000
• Units: 150 (100 Apartments & 50 Micro Office Suites)
• Square Footage: 150,000
• Price Per Unit: $135,000
• Price Per Square Foot: $135
• Market: Union
• Sale Date: 07/15/2025

The transaction was facilitated by brokers Nat Gambuzza, Trevor Fiebel, Spencer Beriont, and Nick Balancia from Berkadia, who represented the seller and procured the buyer. The buyer, a North Jersey based family office, recognized the potential for rental income by stabilizing the vacant office spaces and renovating the apartments upon turnover in a market experiencing vacancy decontrol.