Tuli Realty Acquires Multifamily Asset From AION Partners For $61.3 Million In Morristown

The property asset involved in this transaction is a multifamily building located at 30 Cattano Avenue in Morristown. The sale price for this asset was $61,300,000, encompassing 148 units. The total square footage of the property is 112,996, with a price per unit (PPU) of $414,189 and a price per square foot (PPSF) of $542.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $61,300,000
• Address: 30 Cattano Avenue
• Market: Morristown
• Units: 148
• Square Footage: 112,996
• Price Per Unit: $414,189
• Price Per Square Foot: $542
• Buyer: Tuli Realty
• Seller: AION Partners
• Brokers: Niko Nicolaou, Ryan Dowd, J.P. Hohl, Michael Guerra, Kelly M. Kellett & Alexandria Ebers - Cushman & Wakefield

This transaction was facilitated by a team of brokers from Cushman & Wakefield, consisting of Niko Nicolaou, Ryan Dowd, J.P. Hohl, Michael Guerra, Kelly M. Kellett, and Alexandria Ebers. They played a significant role in representing the parties involved in this multifamily property deal.