Aryeh Bodner Of SANA Properties Acquires Multifamily Asset From Summit Assets For $12.75M

The property involved in this transaction is a multifamily asset located at 1722-1744 Springfield Avenue in Maplewood. This luxury residential community consists of 30 units and has a sale price of $12,750,000. The property features high-end finishes and two-bedroom units, providing modern amenities to residents.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,750,000
• Square Footage: 30
• Price Per Square Foot: $425,000
• Buyer: Aryeh Bodner - SANA Properties
• Seller: Summit Assets
• Brokerage: Richard Gatto, Tracy Trank, Fahri Ozturk, Zachary McHale - CBRE

The transaction was completed on March 13, 2026. SANA Properties acquired the fully leased property as a long-term investment in a desirable suburban market in Northern New Jersey. The deal was brokered by a team of professionals from CBRE, ensuring a streamlined transaction process.