Asher Handler Acquires 140-Unit Multifamily Property On Culvert Street In Orange County For $14.25M

The multifamily property located at 29 Culvert Street in Orange County has been sold for a price of $14,250,000. The transaction was completed on 10/04/2021. The property consists of 140 units with a total square footage of 131,092. The price per unit was approximately $101,785 and the price per square foot was $108. The property is zoned as R-2.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,250,000
• Address: 29 Culvert Street
• Market: Orange County
• Units: 140
• Price Per Unit: $101,785
• Square Footage: 131,092
• Price Per Square Foot: $108
• Zoning: R-2

Asher Handler was the buyer of the property, while Greg Van Cleef was the seller. The broker representing both parties in the deal was Matt Weilheimer from Kislak.