Eyal Gagin & Avi Gagin Sell 803 South Apartments In Plainfield For $39 Million

The transaction involved the sale of a multifamily asset located at 803 South Avenue in Plainfield, NJ. The property comprises 104 units, totaling 93,897 square feet. It was sold for a total price of $39,000,000, resulting in a price per unit of $375,000 and a price per square foot of $415.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $39,000,000
• Units: 104
• Square Footage: 93,897
• Price Per Unit: $375,000
• Price Per Square Foot: $415
• Seller: Eyal Gagin & Avi Gagin
• Broker: Adam Zweibel - Hudson Atlantic Realty
• Date of Sale: 06/04/2025
• Market: Plainfield

The transaction was exclusively listed and brokered by Adam Zweibel on behalf of the sellers, Eyal Gagin and Avi Gagin. Hudson Atlantic Realty successfully closed this deal, which underscored strong buyer demand in the market for newly constructed multifamily properties.