Sym Investments Acquires Multifamily Asset From Prism Partners For $131 Million In West Orange

The property asset involved in the transaction is a multifamily building located at 33 Ashland Avenue in the West Orange market. The sale, completed on 07/16/2026, had a transaction amount of $131,000,000. This property consists of 334 units and encompasses a total square footage of 334,978, resulting in a per-unit price of $392,215 and a price per square foot of $391.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $131,000,000
• Buyer: Sym Investments
• Seller: Prism Partners
• Units: 334
• Square Footage: 334,978
• Price Per Unit: $392,215
• Price Per Square Foot: $391

The deal was brokered by Niko Nicolaou, Ryan Dowd, J.P. Hohl, Michael Guerra, Alexandria Ebers, Kelly M. Kellett, and Mia Brown from Cushman & Wakefield, who represented the parties in this significant transaction.