CBRE Facilitates $14.3M Sale Of 31-Unit Ridgewood Multifamily By Seller's Reps

The Schoolhouse, a 31-unit apartment complex located at 158 Union St, Ridgewood, NJ, 07450, was recently sold for $14.3 million. This multi-family asset, built between 1960 and 1980, was acquired at approximately $462,000 per unit in the Ridgewood market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $14,300,000.00
• Address: 158 Union St, Ridgewood, NJ, 07450
• Market: Ridgewood
• Seller's Representative: Nat Gambuzza (Berkadia), Spencer Beriont (Berkadia)
• Buyer: Unknown Bank

Nat Gambuzza and Spencer Beriont of CBRE played crucial roles as the seller's representatives for the transaction involving The Schoolhouse. They facilitated the $14.3 million sale of the property, showcasing their expertise in representing 158-174 Union Street LLC in the Northern New Jersey community of Ridgewood.