RJ Block Properties Acquires Multifamily Property In Newark For $36.5M

Located at 24 Jones St in Newark, this multifamily property was recently sold in a transaction worth $36,500,000. The property consists of 152 units, with a per-unit price of $240,132. The sale was facilitated by brokers Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, Stuart MacKenzie, Eric Apfel, and Travis Langer from CBRE. RJ Block Properties acquired the property from Tucker Development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $36,500,000
• Address: 24 Jones St, Newark
• Market: Newark
• Units: 152
• Price Per Unit: $240,132

The involvement of RJ Block Properties as the buyer and Tucker Development as the seller highlights the key individuals and companies in this transaction. CBRE brokers Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, Stuart MacKenzie, Eric Apfel, and Travis Langer played a crucial role in facilitating the deal on behalf of their respective clients.