CBRE Brokers Complete $9.5M Multifamily Sale In North Arlington

A multifamily property located at 235 & 241 Ridge Rd in North Arlington has been sold for a total of $9,525,000. The transaction took place on April 19, 2022, and the property consists of 30 units. The price per unit was approximately $317,500.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,525,000
• Units: 30
• Price per Unit: $317,500
• Date: 04/19/2022
• Address: 235 & 241 Ridge Rd, North Arlington

The sale of this multifamily property was facilitated by a team of brokers from CBRE. The brokers involved in the transaction were Trevor Fiebel, Timothy Blashford, Michael O'Rielly, Brian Antognini, Nat Gambuzza, and Spencer Beriont.