REVL Holdings Acquires Oak Tree Plaza Apartments From EOM Realty For $12.125M

The asset involved in the transaction is the Oak Tree Plaza Apartments, located at 600 New Jersey Highway 34 in the Old Bridge market. This multifamily property consists of 36 units, with a sale price of $12,125,000. The total square footage of the property is 33,655, resulting in a price per unit of $336,805 and a price per square foot of $360.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,125,000
• Address: 600 New Jersey Highway 34 - Oak Tree Plaza Apartments
• Market: Old Bridge
• Units: 36
• Square Footage: 33,655
• Price Per Unit: $336,805
• Price Per Square Foot: $360

The deal involved the buyer, REVL Holdings, and the seller, EOM Realty. The transaction was facilitated by brokers Fahri Ozturk, Richard Gatto, and Zach McHale from CBRE, representing both parties in this transaction.