River Gardens NJ LLC Acquires 108-Unit Multifamily In Nutley For $19M

River Gardens NJ LLC has acquired a multifamily property located at 181 River Road in Nutley. The property consists of 108 units and was sold by Westbank Apartments LLC/Avalon Apartment LLC. The transaction was facilitated by brokers Niko Nicolaou and Ken Uranowitz from Gebroe-Hammer Associates. The sale price for the property was $19,000,000, resulting in a per unit price of $175,926.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $19,000,000
• Units: 108
• Price Per Unit: $175,926
• Address: 181 River Road, Nutley
• Market: Nutley

This transaction was brokered by Niko Nicolaou and Ken Uranowitz from Gebroe-Hammer Associates, who represented River Gardens NJ LLC as the buyer. No additional information was available about the deal.