Sutton Equity And LT Capital Acquire Multifamily Property In Hackensack, NJ For $36M With Kislak Brokerage

A multifamily property located at 295 Polifly Rd in Hackensack, NJ has been sold for $36,000,000. The property spans 94,000 square feet, with a price per square foot of $383. It consists of 78 units, with an average price per unit of $461,538. The sale took place on 04/12/2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $36,000,000
• Address: 295 Polifly Rd, Hackensack, NJ
• Market: Hackensack, NJ

The buyer of the property is Sutton Equity, represented by Jesse Sutton and Buddy Setton, along with LT Capital represented by Morris A Sutton, and H Equities represented by Elliot Horowitz. The seller of the property is Gabe Alexander. The brokerage involved in the deal is Kislak, with Andrew Scheinerman and Scott Davidovic representing the parties.

Sutton Equity, in collaboration with LT Capital and H Equities, is actively seeking value-add and core-plus opportunities in NJ submarkets with strong demographics and growth. For potential deals, they can be contacted at [email protected].