Berkadia Facilitates $8.8 Million Sale Of 52-Unit Aberdeen Arms Apartments In Elizabeth, NJ

Aberdeen Arms Apartments is a garden-style multifamily property located at 730-734 North Broad Street in Elizabeth, NJ. The property was sold for $8,800,000 and consists of 52 units, comprising 10 one-bedroom and 42 two-bedroom apartments. Built in 1965, the property includes surface parking and laundry facilities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,800,000
• Units: 52
• Price Per Unit: $169,231
• Market: Elizabeth, NJ
• Sale Date: 06/01/2026

The transaction involved two undisclosed entities based in New Jersey and was facilitated by Berkadia, represented by brokers Nat Gambuzza, Trevor Fiebel, and Nick Balancia. The property was sold by a long-term owner who maintained possession for approximately 20 years.