SOLD
The Pomeranc Group Acquires Multifamily Property In Wayne For $151M
650 New Jersey Highway 23
MultiFamily
207,519 SF
207,519 SF
Sold 314 days ago
Summary
Sale
NEW JERSEY
MultiFamily
207,519 sqft
The multifamily property located at 650 New Jersey Highway 23 in Wayne has been sold in a closed transaction. The property consists of 465 units with a price per unit of $324,731, resulting in a total sale price of $151,000,000. The total square footage of the property is 207,519, with a price per square foot of $728.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $151,000,000
- Address: 650 New Jersey Highway 23, Wayne
- Market: Wayne
- Asset Type: Multifamily
The buyer involved in this transaction is The Pomeranc Group represented by Michael Pomeranc. The seller is UBS Realty Investors. The deal was facilitated by the brokers Ryan Dowd, Niko Nicolaou, Brian Whitmer, and Peter Welch from Cushman & Wakefield.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Ryan Dowd, Niko Nicolaou, Brian Whitmer & Peter Welch
DATE: 06/12/2023
ADDRESS: 650 New Jersey Highway 23
MARKET: Wayne
ASSET TYPE: Multifamily
BUYER: The Pomeranc Group - Michael Pomeranc
SELLER: UBS Realty Investors
BROKERS: Ryan Dowd , Niko Nicolaou, Brian Whitmer, Peter Welch - Cushman & Wakefield
SALE PRICE: $151,000,000
UNITS: 465 ~ PPU: $324,731
SF: 207,519 ~ PPSF: $728View on map
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Address650 New Jersey Highway 23
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