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CBRE Sells Multifamily Portfolio In East Orange, NJ For $53M

Property Image
SOLD
$53,000,000
Timothy (Tim) Blashford
Nat Gambuzza
+ 8

New Jersey

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MultiFamily
Sold 01/10/2022
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Property Image
SOLD

CBRE Sells Multifamily Portfolio In East Orange, NJ For $53M

East Orange, New Jersey, United States

See Similar Deals
MultiFamily
Sold 01/10/2022
Timothy (Tim) Blashford
Nat Gambuzza
+ 8
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The Multifamily Portfolio in East Orange, NJ has been sold for a total of $53,000,000. The portfolio consists of 301 units, with a price per unit of $176,080. The sale was facilitated by Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Richard Gatto, Fahri Ozturk, Travis Langer, Zachary McHale, Nat Gambuzza, and Timothy Blashford from CBRE. The seller, OneWall Communities, was represented by Nate Kline.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $53,000,000
  • Units: 301
  • Price per Unit: $176,080
  • Seller: OneWall Communities - Nate Kline
  • Brokers: Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Richard Gatto, Fahri Ozturk, Travis Langer, Zachary McHale, Nat Gambuzza, and Timothy Blashford - CBRE

The successful sale of the Multifamily Portfolio in East Orange, NJ was made possible by the collaborative efforts of all involved parties. This transaction highlights the significance of teamwork and the expertise provided by the brokers at CBRE, representing both the seller and the buyer.

Players

Jeremy Neuer
45 deals$1.9B volume
BROKER

Richard Gatto
CBRE
43 deals$999.8M volume
BROKER

Steven Bardsley
CBRE
47 deals$1.9B volume
BROKER

Travis Langer
CBRE
52 deals$2.4B volume
BROKER

David Gavin
CBRE
45 deals$2B volume
BROKER

Fahri Ozturk
CBRE
42 deals$994.3M volume
BROKER

Jeffrey Dunne
CBRE
86 deals$4B volume
BROKER

Nat Gambuzza
Berkadia
73 deals$908.7M volume
BROKER

Timothy (Tim) Blashford
Berkadia
29 deals$313.9M volume
BROKER

Zachary (Zach) McHale
CBRE
25 deals$842.7M volume
BROKER

Details

SOLD
IMAGE: Jeremy Neuer, Steve Bardsley, Jeffrey Dunne, David Gavin, Fahri Ozturk, Richard Gatto, Travis Langer, Zachary McHale, Timothy Blashford & Nat Gambuzza DATE: 01/10/2022 ADDRESS: Multifamily Portfolio MARKET: East Orange, NJ ASSET TYPE: Multifamily SELLER: OneWall Communities - Nate Kline BROKERS: Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Richard Gatto, Fahri Ozturk, Travis Langer, Zachary McHale, Nat Gambuzza & Timothy Blashford - CBRE SALE PRICE: $53,000,000 UNITS: 301 ~ PPU: $176,080

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