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Sutton Equity, LT Capital, And H Equities Acquire Multifamily Asset In South Orange, NJ For $9M

43 Cottage Street
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This MultiFamily property located in NJ was sold for $9,000,000 over 2 years ago. The brokers of the deal were Scott Davidovic, Don Baxter, Michael (Mike) Kossak, and Charles Berger

Sutton Equity, LT Capital, and H Equities have acquired two multifamily assets located at 43 Cottage St in South Orange, NJ. The sale took place on October 21, 2021, with Sunny Uberoi as the seller. The property is situated in the South Orange market, offering a prime location in New Jersey. With a sale price of $9,000,000, the transaction involved a total of 43 units, resulting in a per unit price of approximately $209,302.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,000,000
  • Address: 43 Cottage St, South Orange, NJ
  • Market: South Orange, NJ
  • Buyer: Sutton Equity - Jesse Sutton & Buddy Setton; LT Capital - Morris Sutton; & H Equities - Elliot Horowitz
  • Seller: Sunny Uberoi
  • Brokers: Don Baxter - Kislak & Charles Berger - CBRE
  • Units: 43
  • Price Per Unit: $209,302

Sutton Equity, LT Capital, and H Equities have actively been seeking value-add and core-plus opportunities in New Jersey submarkets with strong demographics and growth. For potential deals, they can be contacted at [email protected].

View Related

Deals
  • Location
    43 Cottage Street, South Orange, NJ, USA43 Cottage Street, South Orange, NJ, USA
  • Sale Price
    $9,000,000$9,000,000
    $774 PPSF$774 PPSF
  • Area
    11,621 SF11,621 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 3 Agencies4 Brokers, 3 Agencies

Agents

Michael (Mike) Kossak

Michael (Mike) Kossak

Deals6
Sold$40M

Don Baxter

Don Baxter

Deals6
Sold$37.6M

Scott Davidovic

Scott Davidovic

Deals6
Sold$132.9M

Charles Berger

Charles Berger

Deals18
Sold$194.7M

Agencies

Kislak

Kislak

Agency
Deals156
Volume$1.7B

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

CBRE

CBRE

Agency
Deals4228
Volume$184.3B

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Deal Summary

SALE IMAGE: Jesse Sutton, Buddy Setton, Morris Sutton, Elliot Horowitz, Don Baxter & Charles Berger DATE: 10/21/2021 ADDRESS: 43 Cottage St MARKET: South Orange, NJ ASSET TYPE: Multifamily BUYER: Sutton Equity - Jesse Sutton (@SuttonEquity) & Buddy Setton (@BuddySetton); LT Capital - Morris Sutton; & H Equities - Elliot Horowitz (@HEquities) SELLER: Sunny Uberoi BROKERS: Don Baxter - Kislak & Charles Berger - CBRE SALE PRICE: $9,000,000 UNITS: 43 ~ PPU: $209,302 NOTE: Sutton Equity, LT Capital, and H Equities, acquired 2 Multifamily assets on Cottage St in South Orange, NJ. We are actively seeking value-add and core-plus opportunities in NJ submarkets with strong demographics and growth. Send your deals to [email protected]

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43 Cottage Street

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