Nova Appian LLC Purchases Property At 742 Park Ave East Orange For $6.7M With Seller's Rep David Oropeza

The property involved in this transaction is located at 742 Park Ave, East Orange, NJ, with a sale price of $6,700,000.00. This sale encompasses 26 units, establishing a per unit price of $257,692 for the municipality. The total square footage of the property is not specified, but it forms part of a broader market known for multifamily properties in East Orange.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,700,000.00
• Address: 742 Park Ave, East Orange, NJ, 07017
• Seller's Representative: David Oropeza - Gebroe-Hammer Associates
• Buyer: Nova Appian LLC
• Buyer's Representative: Debbie Pomerantz - Gebroe-Hammer Associates

David Oropeza represented the seller, 742 Park Avenue West Urban Renewal LLC, in this transaction, while Debbie Pomerantz procured the buyer, Nova Appian LLC. There are additional notable transactions in the area including the sale of properties at 110 Halsted St. and others, further indicating activity in the East Orange and Newark corridor.