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RJ Block Properties Acquires Multifamily Property In Newark For $36.5M

24 Jones Street
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This MultiFamily property located in NJ was sold for $36,500,000 about 2 years ago. The brokers of the deal were Stuart MacKenzie, Jeffrey Dunne, Travis Langer, Steven Bardsley, Eric Apfel, and Jeremy Neuer

Located at 24 Jones St in Newark, this multifamily property was recently sold in a transaction worth $36,500,000. The property consists of 152 units, with a per-unit price of $240,132. The sale was facilitated by brokers Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, Stuart MacKenzie, Eric Apfel, and Travis Langer from CBRE. RJ Block Properties acquired the property from Tucker Development.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $36,500,000
  • Address: 24 Jones St, Newark
  • Market: Newark
  • Units: 152
  • Price Per Unit: $240,132

The involvement of RJ Block Properties as the buyer and Tucker Development as the seller highlights the key individuals and companies in this transaction. CBRE brokers Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, Stuart MacKenzie, Eric Apfel, and Travis Langer played a crucial role in facilitating the deal on behalf of their respective clients.

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Deals
  • Location
    24 Jones Street, Newark, New Jersey 07103, United States24 Jones Street, Newark, New Jersey 07103, United States
  • Sale Price
    $36,500,000$36,500,000
    $258 PPSF$258 PPSF
  • Area
    141,175 SF141,175 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    6 Brokers, 2 Agencies6 Brokers, 2 Agencies

Agents

Stuart MacKenzie

Stuart MacKenzie

Deals15
Financed$827.2M

Travis Langer

Travis Langer

Deals28
Financed$1.2B

Jeffrey Dunne

Jeffrey Dunne

Deals45
Financed$2.2B

Eric Apfel

Eric Apfel

Deals11
Financed$888.6M

Steven Bardsley

Steven Bardsley

Deals35
Sold$1.6B

Jeremy Neuer

Jeremy Neuer

Deals35
Sold$1.8B

Agencies

CBRE

CBRE

Agency
Deals4233
Volume$184.3B

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Jeremy Neuer, Steve Bardsley, Jeffrey Dunne, Stuart MacKenzie, Eric Apfel & Travis Langer DATE: 01/11/2022 ADDRESS: 24 Jones St MARKET: Newark ASSET TYPE: Multifamily BUYER: RJ Block Properties SELLER: Tucker Development BROKERS: Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, Stuart MacKenzie, Eric Apfel & Travis Langer - CBRE SALE PRICE: $36,500,000 UNITS: 152 ~ PPU: $240,132

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24 Jones Street

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