Aryeh Bodner Of SANA Properties Acquires Multifamily Building In Maplewood From Summit Assets For $12.75M

The property involved in this transaction is a multifamily asset located at 1722-1744 Springfield Avenue in Maplewood, which features 30 luxury apartments. The sale price of the property is $12,750,000, resulting in a price per unit of $425,000. The building, completed in January 2025, includes high-end finishes and amenities such as a fitness center and pet spa, contributing to its appeal in a market characterized by strong rental demand and access to top schools and transit facilities leading to Manhattan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,750,000
• Buyer: Aryeh Bodner - SANA Properties
• Seller: Summit Assets
• Units: 30
• Price Per Unit: $425,000

The deal was facilitated by brokers Richard Gatto, Tracy Trank, Fahri Ozturk, and Zach McHale from CBRE. They arranged the entire $12.75 million transaction, ensuring the successful transfer of this fully stabilized property to the buyer.