Rockledge Ventures LLC Acquires Multifamily Property In Montclair For $38M

Located at 36 Hawthorne Place in the Montclair market, a multifamily property has been sold in a closed transaction. The property consists of 133 units, with a sale price of $38,000,000, resulting in a price per unit of $285,714. The buyer, Rockledge Ventures LLC, acquired the property from the seller, Hawthorne Towers LLC.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $38,000,000
• Units: 133
• Price Per Unit: $285,714

The deal was facilitated by the brokers David Oropeza, Joseph Brecher, and Ken Uranowitz from Gebroe-Hammer Associates. Brad Domenico from Progress Capital acted as the mortgage broker in the transaction.