SOLD
Kislak Company Brokers Sell Newton Multifamily Portfolio For $22.45M
4-20 Swartswood Road, 31 Paterson Avenue, 4 Mill Street & 10-16 Hillside Terrace
MultiFamily
Sold 1 year ago
Summary
Sale
NEW JERSEY
MultiFamily
The recent sale of a three-property multifamily portfolio in Newton, Sussex County, New Jersey has been completed. The portfolio consists of Swartswood Gardens, which is located at 4-20 Swartswood Road and offers 32 units, Stonewood Apartments at 31 Paterson Avenue with 32 units, and Mill Street Manor at 4 Mill Street and 10-16 Hillside Terrace, comprising of 51 units. The total sale price for this portfolio was $22,450,000.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $22,450,000
- Units: 115
- Price per Unit: $195,217
The sale of this multifamily portfolio was facilitated by Joseph Keenan and Justin Lupo from Kislak Company, who acted as the brokers in this transaction.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Joseph Keenan & Justin Lupo
DATE: 08/18/2022
ADDRESS: 4-20 Swartswood Road, 31 Paterson Avenue, 4 Mill Street & 10-16 Hillside Terrace
MARKET: Newton, NJ
ASSET TYPE: Multifamily
BROKERS: Joseph Keenan (@JKeenanRE) & Justin Lupo (@Justin_Lupo)- Kislak Company (@KislakCompany)
SALE PRICE: $22,450,000
UNITS: 115 ~ PPU: $195,217
NOTE FROM BROKERS: This is a recent sale of a three-property multifamily portfolio in Newton, Sussex County, New Jersey for $22,450,000. The portfolio includes Swartswood Gardens with 32 units at 4-20 Swartswood Road, Stonewood Apartments with 32 units at 31 Paterson Avenue and Mill Street Manor with 51 units at 4 Mill Street and 10-16 Hillside Terrace.View on map
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Address4-20 Swartswood Road, 31 Paterson Avenue, 4 Mill Street & 10-16 Hillside Terrace
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