Colony Hills Capital Acquires Plainsboro Multifamily From KRE - Murry Kushner For $115M

The multifamily property located at 2821 Pheasant Hollow Drive in Plainsboro, NJ was recently sold. The property consists of 440 units with a total sale price of $115,000,000. This translates to a per unit price of $261,364. The property spans a total square footage of 338,760, resulting in a price per square foot of $339.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $115,000,000
• Address: 2821 Pheasant Hollow Drive, Plainsboro, NJ
• Number of Units: 440
• Price per Unit: $261,364
• Total Square Footage: 338,760
• Price per Square Foot: $339

The buyer of the property is Colony Hills Capital, while the seller is KRE - Murry Kushner. The deal was facilitated by brokers Allan Szlafrok, Eli Maryl, Ohad Babo, and Michael Weiser of GFI Realty Services.