Berkadia Brokers Sale Of Elizabeth Multifamily At 730-742 North Broad Street For $8.775M

The property asset involved in this transaction is a multifamily asset located at 730-742 North Broad Street in Elizabeth. The asset comprises 52 units, encompassing a total square footage of 26,520. The transaction was completed for a total sale price of $8,775,000, resulting in a price per unit of $168,750 and a price per square foot of $330.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,775,000
• Units: 52
• Square Footage: 26,520
• Price Per Unit: $168,750
• Price Per Square Foot: $330
• Date of Transaction: 04/02/2026
• Market: Elizabeth

The deal was represented by brokers Nat Gambuzza, Trevor Fiebel, and Nick Balancia from Berkadia, who facilitated this multifamily asset transaction in the Elizabeth market, ensuring all requirements were met for the closing of the deal.