606 Crescent Ave Plainfield NJ Sold For $15.4 Million With Seller's Rep Gehane Triarsi

The asset involved in this transaction includes two apartment buildings located in Plainfield, NJ at 735 Park Ave. and 606 Crescent Ave. The total transaction amount was $15,400,000. The properties are mid-rise structures comprising 114 total units with various layouts including studio, one-bedroom, two-bedroom, and three-bedroom options. Each building features essential amenities such as elevators, laundry facilities, and paved-surface parking. The market for these properties is Plainfield.

Summary of transaction details:

• Property Type: Apartment Buildings
• Transaction Amount: $15,400,000.00
• Address: 606 Crescent Ave, Plainfield, NJ, 07060
• Seller's Representative: Gehane Triarsi, Gebroe-Hammer Associates
• Buyer's Identity: Unknown
• Seller's Identity: Undisclosed
• Total Units: 114

The deal was facilitated by brokers Stephen Tragash and Gehane Triarsi from Gebroe-Hammer Associates, representing the undisclosed seller. The buyer's identity remains undisclosed, as well. The two apartment buildings, Cornell Arms and Pingry Arms, are situated just a half-mile apart from each other.