The transaction involved the sale of Woodbury Manor Apartments, an 80-unit apartment community located at 546 Lafayette Ave, Woodbury, NJ. The total transaction price for the property was $6,000,000.00, and all units in the community are two-bedroom townhouse-style configurations, contributing to its market value in Woodbury.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: $6,000,000.00
• Address: 546 Lafayette Ave, Woodbury, NJ
• Market: Woodbury
• Buyer: Olive Tree Management
• Buyer's Representative: Jason Starkman - Starkman Realty
• Seller: New York City-based investment group
• Years Owned by Seller: 35 years

Jason Starkman of Starkman Realty represented the buyer, Olive Tree Management, in the negotiation of this sale. This transaction marks a significant move for Olive Tree Management in expanding their portfolio in the Woodbury market.