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

Property Image
SOLD
$1,925,000

New Jersey

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MultiFamily
Sold 04/26/2023
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Property Image
SOLD

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

557 S Broad St Elizabeth, NJ 07202, USA

See Similar Deals
MultiFamily
Sold 04/26/2023
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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].

Players

Jonathan Zarka
Jonathan Zarka
7 deals$8.9M volume
BUYER

Details

SOLD
IMAGE: Jonathan Zarka DATE: 04/26/2023 ADDRESS: 557 South Broad St. MARKET: Elizabeth, NJ ASSET TYPE: MultiFamily BUYER: LightRock Management - Jonathan Zarka SALE PRICE: $1,925,000 UNITS: 17 ~ PPU: $113,235 SF: 8,000 ~ PPSF: $241 NOTE FROM BUYER: Lightrock Capital is actively buying, repositioning, and developing multifamily properties throughout New Jersey and Connecticut. If you have properties for sale or are an accredited investor looking to invest in future deals, please reach out to us at [email protected]

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