Frank Coppotelli Purchases Somerset Multifamily Asset From John Park For $24.2 Million

The property involved in this transaction is a multifamily asset located at 850 Hamilton Street in the Somerset market. It consists of 77 units and has a total square footage of 70,740. The property sold for $24,200,000, which results in a price per unit of $314,000 and a price per square foot of $342.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,200,000
• Units: 77
• Square Footage: 70,740
• Price per Unit: $314,000
• Price per Square Foot: $342
• Buyer: Frank Coppotelli
• Seller: John Park
• Broker: Adam Zweibel - Hudson Atlantic Realty

The key individuals involved in the transaction include the buyer, Frank Coppotelli, and the seller, John Park. Adam Zweibel of Hudson Atlantic Realty acted as the broker representing the seller in this deal. This transaction highlights the active involvement of these key players in the multifamily market.