Black Bear Asset Management Acquires MultiFamily Property In Guttenberg, NJ For $13M

A multi-family property located at 6806-10 Polk Street in Guttenberg, NJ has been sold in a recent transaction. The property consists of 36 units with a total square footage of 26,579. The sale price for the property was $13,000,000, resulting in an average price per unit of $361,111 and a price per square foot of $489.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $13,000,000
• Address: 6806-10 Polk Street, Guttenberg, NJ
• Market: Guttenberg, NJ
• Buyer: Black Bear Asset Management
• Seller: Echevarria Industries
• Brokers: Emil DePasquale & George Pektor - Black Bear Capital Partners

The transaction was facilitated by brokers Emil DePasquale and George Pektor from Black Bear Capital Partners. They represented the buyer, Black Bear Asset Management, in the deal. This successful transaction marks the transfer of ownership of the multi-family property in Guttenberg, NJ from Echevarria Industries to Black Bear Asset Management.