P3 Properties And Greyhill Group Acquire Multifamily Asset From PGIM For $125.25M

The asset involved in this transaction is a multifamily property located at 24a Avenue at Port Imperial in West New York, NJ. The sale price for this property was $125,250,000. It encompasses a total of 301 units and offers a square footage of 451,916, translating to a price per unit of $416,112 and a price per square foot of $277.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $125,250,000
• Units: 301
• Square Feet: 451,916
• Price Per Unit: $416,112
• Price Per Square Foot: $277
• Buyer: P3 Properties & Greyhill Group
• Seller: PGIM
• Broker: Adam Spies - Newmark

The individuals associated with this transaction include the buyers, P3 Properties & Greyhill Group, who will take ownership of the multifamily asset. On the selling side, PGIM was represented in this deal. Adam Spies, from Newmark, acted as the broker facilitating this transaction.