FM Equities LLC Purchases Lincoln Manor Apartments From Layna Investments LLC For $10.73M

The transaction involved a multifamily asset known as Lincoln Manor Apartments, located at 448-458 Lincoln Avenue in Orange, New Jersey. The property comprises 68 units and was sold for a total price of $10,730,000, resulting in a per unit price of $157,794.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,730,000
• Units: 68
• Buyer: FM Equities LLC
• Seller: Layna Investments LLC
• Brokers: Nat Gambuzza & Tim Blashford - Berkadia

Nat Gambuzza and Tim Blashford, representing the seller Layna Investments LLC, successfully facilitated the acquisition of Lincoln Manor Apartments by FM Equities LLC. Berkadia played a crucial role in arranging the $10.73 million sale of this garden-style property.