170 N Oraton Parkway Urban Renewal, LLC Acquires Multifamily Property In East Orange For $4.4M

Located at 170 N Oraton Pkwy in East Orange, NJ, this multifamily property was recently sold in a closed transaction. The sale was facilitated by Jed Matricaria, an investment specialist from Marcus & Millichap's New Jersey office. The property features 42 units, with a price per unit of $104,762. The total square footage of the property is 30,450, with a price per square foot of $144. The transaction was completed for a total sale price of $4,400,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,400,000
• Address: 170 N Oraton Pkwy, East Orange, NJ
• Market: East Orange, NJ
• Buyer: 170 N Oraton Parkway Urban Renewal, LLC
• Seller: North Oraton Urban Renewal
• Broker: Jed Matricaria - Marcus & Millichap
• Units: 42
• Price per Unit: $104,762
• Square Footage: 30,450
• Price per Square Foot: $144

In addition to representing the seller, Jed Matricaria also assisted in procuring the buyer for this transaction. Sharon Bullock of Midtown Commercial Realty provided assistance on the listing side.