Richard Ressler Of CIM Group & Hulic Co Acquires 135-Unit Multifamily At 51 South Broadway For $64.3M

The asset involved in the transaction is a 135-unit multi-family apartment building located at 51 South Broadway in White Plains. The sale price for this property was $64,300,000, resulting in a price per unit of $476,296.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $64,300,000
• Address: 51 South Broadway
• Market: White Plains
• Units: 135
• Price per Unit: $476,296
• Buyer: Richard Ressler - CIM Group & Hulic Co
• Seller: Randy Salvatore - RMS Companies

The deal marks CIM Group's first investment in Westchester County, highlighting the involvement of Richard Ressler and his partnership with Japan's Hulic Co in this significant acquisition. Randy Salvatore represented RMS Companies in the sale.