LightRock Management Acquires 17-Unit Multifamily Property In Elizabeth, NJ

The property at 557 South Broad St. in Elizabeth, NJ has been sold as a multi-family asset. The transaction took place on 04/26/2023. The property consists of 17 units, with a price per unit of $113,235. With a total square footage of 8,000, the price per square foot stands at $241.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $1,925,000
• Market: Elizabeth, NJ
• Buyer: LightRock Management - Jonathan Zarka

Jonathan Zarka, representing LightRock Management, played a key role in the purchase of this property. LightRock Capital, actively seeking opportunities in New Jersey and Connecticut, specializes in acquiring, repositioning, and developing multi-family properties. For inquiries regarding property sales or investment opportunities, you can reach out to Jonathan Zarka at [email protected].