DSF Group Acquires MultiFamily In Parsippany For $82.5M

The Mark Parsippany is a 212-unit apartment complex located at 1715 Us-46, Parsippany-Troy Hills, NJ. The property was sold for $82,500,000 and offers one- and two-bedroom units with an average size of 911 square feet. The apartments are equipped with stainless steel appliances, quartz countertops, kitchen islands, and individual washers and dryers. Amenities at the complex include a pool, fitness center, clubhouse, resident lounge, conference room, and a pet washing station.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $82,500,000.00
• Market: Parsippany
• Seller's Representative: Kevin O’Hearn(JLL), Michael Oliver(JLL), Steve Simonelli(JLL), Michael "Mike" Oliver(JLL), Joseph Lembo(JLL), Jose Cruz(JLL)
• Buyer: Affiliate of The DSF Group

In this transaction, the seller, an affiliate of Harbor Group International, was represented by Jose Cruz and Joseph Lembo in addition to the previously mentioned representatives. The buyer of The Mark Parsippany was an affiliate of The DSF Group, an investment firm with offices in Boston and Washington, D.C.