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Pacific Urban Acquires Multifamily Property In Lyndhurst, NJ For $130M

1301 Wall Street West
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This MultiFamily property located in NJ was sold for $130,000,000 over 2 years ago. The brokers of the deal were Jason Lundy, Steve Simonelli, Michael "Mike" Oliver, Jose Cruz, and JB Bruno

Located at 1301 Wall St. W in Lyndhurst, NJ, this multifamily property has recently been sold in a closed transaction. The property consists of 328 units, with a total square footage of 329,654. The sale price for this transaction was $130,000,000, resulting in a price per unit of $396,341 and a price per square foot of $394.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $130,000,000
  • Units: 328
  • Price per Unit: $396,341
  • Total Square Footage: 329,654
  • Price per Square Foot: $394
  • Market: Lyndhurst, NJ

The buyer of this property is Pacific Urban, while the seller is Mesirow Financial. The transaction was facilitated by the brokers Jose Cruz, Michael Oliver, JB Bruno, Steve Simonelli, Kevin O'Hearn, and Jason Lundy from JLL.

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Deals
  • Location
    1301 Wall Street West, Lyndhurst, NJ 070711301 Wall Street West, Lyndhurst, NJ 07071
  • Sale Price
    $130,000,000$130,000,000
    $394 PPSF$394 PPSF
  • Area
    329,654 SF329,654 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Jason Lundy

Jason Lundy

Deals9
Sold$828.2M

Steve Simonelli

Steve Simonelli

Deals29
Financed$2.9B

Jose Cruz

Jose Cruz

Deals66
Financed$5.6B

Michael "Mike" Oliver

Michael "Mike" Oliver

Deals29
Financed$2.1B

JB Bruno

JB Bruno

Deals20
Financed$1.6B

Agency

JLL

JLL

Agency
Deals5590
Volume$332.6B

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Deal Summary

SALE IMAGE: Jose Cruz, Michael Oliver, JB Bruno, Steve Simonelli, Kevin O'Hearn, Jason Lundy DATE: 10/06/2021 ADDRESS: 1301 Wall St. W MARKET: Lyndhurst, NJ ASSET TYPE: Multifamily BUYER: Pacific Urban SELLER: Mesirow Financial BROKERS: Jose Cruz, Michael Oliver, JB Bruno, Steve Simonelli, Kevin O'Hearn, Jason Lundy - JLL SALE PRICE: $130,000,000 UNITS: 328 ~ PPU: $396,341 SF: 329,654 ~ PPSF: $394

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1301 Wall Street West

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