Diversified Properties LLC Sells East Rutherford Multifamily For $11.6M

Located at 480 Paterson Ave in East Rutherford, this multifamily property was recently sold in a closed transaction. The sale was facilitated by Ken Uranowitz and Debbie Pomerantz from Gebroe-Hammer Associates on behalf of the seller, Diversified Properties LLC - Nicholas Minoia and North Jersey Builders LLC.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $11,600,000
• Units: 35
• Price per Unit (PPU): $331,429
• Market: East Rutherford
• Seller: Diversified Properties LLC - Nicholas Minoia; North Jersey Builders LLC
• Brokers: Ken Uranowitz & Debbie Pomerantz - Gebroe-Hammer Associates

This transaction marks a significant sale in East Rutherford. The property consists of 35 units, with a sale price of $11,600,000, translating to a price per unit of $331,429. Ken Uranowitz and Debbie Pomerantz from Gebroe-Hammer Associates represented the seller, Diversified Properties LLC - Nicholas Minoia and North Jersey Builders LLC, in this deal.