Landmark Partners Acquires Multifamily Property In Netcong, Morris County For $44.5M

The multifamily property located at 34 Bank St in Netcong, Morris County, was recently sold in a transaction recorded on 04/15/2022. The property, consisting of 126 units, was sold by CrownPointe Development Group to Landmark Partners for a total sale price of $44,500,000. With a price per unit of $353,175, the property spans over an area of 125,911 square feet, resulting in a price per square foot of $353.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $44,500,000
• Units: 126
• Price Per Unit: $353,175
• Square Footage: 125,911
• Price Per Square Foot: $353
• Address: 34 Bank St, Netcong, Morris County

The sale transaction was facilitated by Cushman & Wakefield, with Brian Whitmer, Nico Nicolaou, Ryan Dowd, and Will Gerlin representing both the buyer, Landmark Partners, and the seller, CrownPointe Development Group.