Rockwood Capital Acquires Multifamily Property In Westfield, NJ For $29.75M
333 Central Avenue
MultiFamily
65,340 SF
65,340 SF
Sold 1 year ago
Summary
A multifamily property located at 333 Central Avenue in Westfield, NJ was recently sold in a closed transaction. The sale was completed on October 12, 2021. The property, consisting of 70 units, was sold for a total price of $29,750,000, resulting in an average price per unit of $425,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,750,000
- Address: 333 Central Avenue, Westfield, NJ
- Market: Westfield, NJ
- Buyer: Rockwood Capital, LLC - Walter Schmidt
- Seller: Claremont Development & The Hampshire Companies - Richard Sciaretta
- Brokers: Thomas Walsh & Joseph Garibaldi - Walker & Dunlop, Inc
- Number of Units: 70
- Price per Unit: $425,000
The buyer in this transaction was Rockwood Capital, LLC, represented by Walter Schmidt. The seller, Claremont Development & The Hampshire Companies, was represented by Richard Sciaretta. The deal was facilitated by brokers Thomas Walsh and Joseph Garibaldi from Walker & Dunlop, Inc.
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333 Central Avenue
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