Isaac Sebbag's Golden Sky Equities Acquires MultiFamily Portfolio In Middlesex County For $9.7M

The transaction involves a multi-family asset located at 355 Plainfield Avenue, 7-11 Byron St & 154 Macurther Ave in Middlesex County, which consists of three value-add buildings. The total sale price for this portfolio amounts to $9,720,000, with 56 units available, resulting in a price per unit of $173,571. The total square footage of the properties is 46,000, translating to a price per square foot of $211.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $9,720,000
• Units: 56
• Price Per Unit: $173,571
• Square Footage: 46,000
• Price Per Square Foot: $211
• Buyer: Isaac Sebbag - Golden Sky Equities
• Brokers: Joseph Gehler - Gebroe-Hammer Associates; Jonathan Hasten - Brook Hollow Capital

Golden Sky Equities secured this off-market deal with a strategic focus on purchasing multifamily and mixed-use properties across New Jersey and Pennsylvania, taking advantage of current market conditions. This acquisition reflects their ongoing efforts to enhance their portfolio in the region.