FM Ferrari Investments Acquires Multifamily Property In Englishtown, NJ For $29.9M

The multifamily property located at 362 US-9 in Englishtown, NJ has been sold in a recent transaction. The property consists of 89 units and was sold by GRJ & Castellan Real Estate Partners. The buyer, F.M. Ferrari Investments, acquired the property for a total sale price of $29,900,000, resulting in an average price per unit of $335,955.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $29,900,000

Leading the deal were the brokers from JLL, including Michael Oliver, Jose Cruz, J.B. Bruno, Steve Simonelli, and Michael Zlotnick. Their expertise and representation played a crucial role in the successful completion of the transaction.