The property asset involved in this transaction is a 39-unit multifamily apartment complex located at 355 Edgerton Boulevard in Avenel. The sale was executed for a total price of $14,300,000, resulting in a price per unit of $366,667. The asset is noted for being fully leased at the time of sale.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,300,000
• Units: 39
• Price Per Unit: $366,667
• Buyer: Frank Ferrari - F. M. Ferrari Investments
• Seller: Sonny Adoni - Adoni Property Group
• Brokers: Andre Balthazard, Andrew Schwartz, Daniel Bottiglieri & Jordan Sobel - Cushman & Wakefield

F. M. Ferrari Investments acquired the Boulevard East Apartments from Adoni Property Group. The transaction was represented by a team from Cushman & Wakefield, led by Andrew Schwartz, highlighting the strength of the property in the Woodbridge market.