Tunic Group Management & Empire State Holdings Acquire Multifamily Property In Trenton, NJ For $14.9M

Located at 487-489 West State Street in Trenton, NJ, this multifamily property recently changed ownership in a sale transaction. The property consists of 205 units with a total square footage of 104,034. The sale price for this transaction was $14,862,500, resulting in a price per unit of $72,500 and a price per square foot of $143. The transaction took place on July 9, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,862,500
• Units: 205
• Price per Unit: $72,500
• Square Footage: 104,034
• Price per Square Foot: $143
• Address: 487-489 West State Street, Trenton, NJ
• Market: Trenton, NJ

The buyers in this transaction were Tunic Group Management and Empire State Holdings. Representing the buyers in this deal were Ryan Perkoski and John Martisch from RPR Ventures.