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

Golden Sky Equities, represented by Isaac Sebbag, has closed a $9,720,000 off-market deal for a portfolio of three value-add buildings in Middlesex County. The properties are located at 355 Plainfield Avenue, 7-11 Byron St, and 154 Macurther Ave, and consist of 56 units with a total square footage of 46,000. The per unit price is $173,571, and the price per square foot is $211. This acquisition aligns with Golden Sky Equities' strategy of investing in multifamily, mixed-use, and strategic development opportunities in New Jersey and Pennsylvania.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $9,720,000
• Units: 56
• Price per Unit (PPU): $173,571
• Square Footage (SF): 46,000
• Price per Square Foot (PPSF): $211
• Market: Middlesex County

In this deal, Joseph Gehler from Gebroe-Hammer Associates and Jonathan Hasten from Brook Hollow Capital represented Golden Sky Equities. Their expertise and market knowledge played a crucial role in securing this transaction. Golden Sky Equities continues to capitalize on the current market cycle by targeting value-add opportunities in the NJ and PA markets. With a focus on multifamily, mixed-use, and strategic development projects, they are strategically positioning themselves for growth.