Sutton Equity, LT Capital, And H Equities Acquire Multifamily Asset In South Orange, NJ For $9M

Sutton Equity, LT Capital, and H Equities have acquired two multifamily assets located at 43 Cottage St in South Orange, NJ. The sale took place on October 21, 2021, with Sunny Uberoi as the seller. The property is situated in the South Orange market, offering a prime location in New Jersey. With a sale price of $9,000,000, the transaction involved a total of 43 units, resulting in a per unit price of approximately $209,302.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Address: 43 Cottage St, South Orange, NJ
• Market: South Orange, NJ
• Buyer: Sutton Equity - Jesse Sutton & Buddy Setton; LT Capital - Morris Sutton; & H Equities - Elliot Horowitz
• Seller: Sunny Uberoi
• Brokers: Don Baxter - Kislak & Charles Berger - CBRE
• Units: 43
• Price Per Unit: $209,302

Sutton Equity, LT Capital, and H Equities have actively been seeking value-add and core-plus opportunities in New Jersey submarkets with strong demographics and growth. For potential deals, they can be contacted at [email protected].