The DSF Group Acquires Multifamily Property In Parsippany, NJ From Harbor Group International

1715 U.S. Route 46 in Parsippany, NJ, has been sold in a recent transaction. The property is a multifamily asset consisting of 212 units. The deal was closed on 07/26/2022. The buyer, The DSF Group, acquired the property from the seller, Harbor Group International, LLC. The sale price for the transaction was $82,500,000, resulting in an average price per unit of $389,151.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $82,500,000
• Address: 1715 U.S. Route 46, Parsippany, NJ
• Market: Parsippany, NJ
• Buyer: The DSF Group
• Seller: Harbor Group International, LLC

The sale of 1715 U.S. Route 46 was facilitated by the brokers Jose Cruz, Steve Simonelli, Kevin O'Hearn, Michael Oliver, and Joseph Lembo from JLL.