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Morris Sarway Acquires 52-Unit Multifamily Property In Pompton Lakes, NJ For $20M

Property Image
SOLD
$20,000,000
Adam Zweibel
AG
MS

New Jersey

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MultiFamily47,686 SF
Sold 10/13/2023
the dealplayerscompscontact
Property Image
SOLD

Morris Sarway Acquires 52-Unit Multifamily Property In Pompton Lakes, NJ For $20M

30 Colfax Avenue

See Similar Deals
MultiFamily47,686 SF
Sold 10/13/2023
Adam Zweibel
AG
MS
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$419
Total Square Footage:47,686 SF
Transaction Type:Sale

The multifamily property located at 30 Colfax Avenue in Pompton Lakes, NJ has been sold. The property consists of 52 units spread across 47,686 square feet. The sale price was $20,000,000, which translates to a per unit price of $384,615. The price per square foot for the property was $419.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $20,000,000
  • Units: 52
  • Price per Unit: $384,615
  • Square Footage: 47,686
  • Price per Square Foot: $419
  • Address: 30 Colfax Avenue, Pompton Lakes, NJ
  • Market: Pompton Lakes, NJ

The buyer of the property is Morris Sarway, while the seller is Avi Gagin. The broker who facilitated the transaction was Adam Zweibel from Hudson Atlantic Realty.

Players

Adam Zweibel
Hudson Atlantic Realty
Adam Zweibel
26 deals$400.1M volume(201) 953-9532
BROKER
AG
Abraham Gagin
9 deals$142.3M volume
BROKER
AG
Abraham Gagin
9 deals$142.3M volume
BROKER
MS
Morris Sarway
3 deals$30.5M volume
BUYER
MS
Morris Sarway
3 deals$30.5M volume
BUYER
AG
Abraham Gagin
9 deals$142.3M volume
SELLER

Details

SOLD
IMAGE: Adam Zweibel DATE: 10/13/2023 ADDRESS: 30 Colfax Avenue MARKET: Pompton Lakes, NJ ASSET TYPE: Multifamily BUYER: Morris Sarway SELLER: Avi Gagin BROKER: Adam Zweibel (@AdamZweibel) - Hudson Atlantic Realty (@Hudsonatlantic) ASKING PRICE: $22,500,000 SALE PRICE: $20,000,000 UNITS: 52 ~ PPU: $384,615 SF: 47,686 ~ PPSF: $419

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