Napier Park Global Capital Sells 43-Unit Multifamily Portfolio In Newark Represented By CBRE

The transaction involved a two-building, 43-unit multifamily portfolio located at 66-68 Garside Street and 536-540 Central Avenue in Newark. The property includes 20 renovated units and 3,000 square feet of retail space at Garside Street, while Central Avenue is in the process of being redeveloped into 23 loft units along with 4,000 square feet of retail space.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 43
• Seller: Napier Park Global Capital
• Address: 66-68 Garside Street & 536-540 Central Avenue
• Market: Newark
• Broker Representatives: Richard Gatto, Fahri Ozturk & Zach McHale - CBRE

CBRE facilitated the arrangement of the sale for the seller Napier Park Global Capital, showcasing their effective representation in real estate transactions. The involved brokers were Richard Gatto, Fahri Ozturk, and Zach McHale.