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Berkadia Represents Seller In Closing Multifamily Portfolio Sale In Newark With 54 Units

Property Image
SOLD
Timothy (Tim) Blashford
Nat Gambuzza

New Jersey

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MultiFamily50,000 SF
Sold 11/20/2025
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Property Image
SOLD

Berkadia Represents Seller In Closing Multifamily Portfolio Sale In Newark With 54 Units

49 51 Hill Street & 89 93 Milford Avenue

See Similar Deals
MultiFamily50,000 SF
Sold 11/20/2025
Timothy (Tim) Blashford
Nat Gambuzza
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Total Square Footage:50,000 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 49-51 Hill Street & 89-93 Milford Avenue in Newark, NJ. This mixed-use portfolio consists of 54 units with a total square footage of 50,000. The asset was marketed successfully and went under contract within a short time frame.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 54
  • Square Footage: 50,000
  • Address: 49-51 Hill Street & 89-93 Milford Avenue
  • Market: Newark
  • Brokers: Nat Gambuzza & Timothy Blashford - Berkadia

Nat Gambuzza and Tim Blashford represented the seller and procured the buyer in this transaction. The buyer sought to enhance their portfolio's scale in the greater Northern NJ market and plans to implement a value-add strategy by renovating units upon turnover.

Players

Nat Gambuzza
Berkadia
Nat Gambuzza
74 deals$917.5M volume
BROKER
Timothy (Tim) Blashford
Berkadia
Timothy Blashford
29 deals$313.9M volume
BROKER

Details

SOLD
IMAGE: Nat Gambuzza & Timothy Blashford DATE: 11/20/2025 ADDRESS: 49-51 Hill Street & 89-93 Milford Avenue MARKET: Newark ASSET TYPE: Multifamily ~ UNITS: 54 ~ SF: 50,000 BROKERS: Nat Gambuzza & Timothy Blashford (@TimBlashford) - Berkadia (@Berkadia) NOTE FROM BROKER: Nat Gambuzza and Tim Blashford are pleased to announce the closing of this mixed-use portfolio in Newark, NJ. Berkadia exclusively represented the seller and procured the buyer in this on-market transaction. The buyer was selected after ~4 weeks of marketing time, under contract within ~4 weeks of accepted offer. The buyer was attracted to this asset to add scale to their portfolio in the greater Northern NJ market. They have plans to implement a value-add strategy by renovating units upon turnover.

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