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Pacific Urban Residential LLC Acquires South Orange Multifamily For $84.2M

Property Image
SOLD
$84,200,000

New Jersey

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MultiFamily1,282 SF
Sold 01/15/2021
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Property Image
SOLD

Pacific Urban Residential LLC Acquires South Orange Multifamily For $84.2M

28 West 3rd Street, South Orange, NJ, USA

See Similar Deals
MultiFamily1,282 SF
Sold 01/15/2021
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$65,678
Total Square Footage:1,282 SF
Transaction Type:Sale

A multifamily property located at 28 W. 3rd Street in South Orange has been sold in a closed transaction. The property consists of 200 units and was sold for a total price of $84,200,000. The buyer of the property is Pacific Urban Residential LLC.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $84,200,000
  • Address: 28 W. 3rd Street
  • Market: South Orange

The sale of this property was facilitated by Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, and Travis Langer of CBRE, who represented Pacific Urban Residential LLC in the deal.

Players

Steven Bardsley
CBRE
Steven Bardsley
47 deals$1.9B volume
BROKER
PR
Pacific Urban Residential
BUYER

Details

SOLD
IMAGE: Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, & Travis Langer DATE: 01/15/2021 ADDRESS: 28 W. 3rd Street MARKET: South Orange ASSET TYPE: Multifamily BUYER: Pacific Urban Residential LLC BROKERS: Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, & Travis Langer - CBRE PRICE: $84,200,000 UNITS: 200 ~ PPU: $421,000

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