Sela Realty Investments Acquires Property In West Orange For $40.5 Million With Greg Pine As Seller's Rep
SOLD
$40,500,000
New Jersey
See Similar DealsMultiFamily
SOLD
Sela Realty Investments Acquires Property In West Orange For $40.5 Million With Greg Pine As Seller's Rep
200 Mt Pleasant Ave, West Orange, NJ 07052, USA
See Similar DealsMultiFamily
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The property asset involved in this transaction is Crest Ridge Apartments, consisting of 178 units in a garden-style apartment community located at 200 Mt Pleasant Ave, West Orange, NJ. The property was sold for $40,500,000.00 and has a square footage of 0.
Summary of transation details:
- Property Type: Apartment Community
- Transaction Amount: $40,500,000.00
- Address: 200 Mt Pleasant Ave, West Orange, NJ
- Market: West Orange
- Seller's Representative: Greg Pine-Gebroe-Hammer Associates
- Buyer: Sela Realty Investments
Greg Pine and Adam Zweibel of Gebroe-Hammer Associates represented the seller, who was the original developer and owner of the property, and they also procured the buyer in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,160,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$143,887.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$191,990.66
Annual Debt Service$2,303,887.95
Is there something missing? Send suggestions