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CBRE Sells Multifamily Portfolio In East Orange, NJ For $53M

CBRE brokers 301-unit Multifamily Portfolio for $53,000,000
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This MultiFamily property located in NJ was sold for $53,000,000 about 2 years ago. The brokers of the deal were Zachary (Zach) McHale, Timothy (Tim) Blashford, Nat Gambuzza, Jeffrey Dunne, Fahri Ozturk, David Gavin, Travis Langer, Steven Bardsley, Richard Gatto, and Jeremy Neuer

The Multifamily Portfolio in East Orange, NJ has been sold for a total of $53,000,000. The portfolio consists of 301 units, with a price per unit of $176,080. The sale was facilitated by Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Richard Gatto, Fahri Ozturk, Travis Langer, Zachary McHale, Nat Gambuzza, and Timothy Blashford from CBRE. The seller, OneWall Communities, was represented by Nate Kline.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $53,000,000
  • Units: 301
  • Price per Unit: $176,080
  • Seller: OneWall Communities - Nate Kline
  • Brokers: Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Richard Gatto, Fahri Ozturk, Travis Langer, Zachary McHale, Nat Gambuzza, and Timothy Blashford - CBRE

The successful sale of the Multifamily Portfolio in East Orange, NJ was made possible by the collaborative efforts of all involved parties. This transaction highlights the significance of teamwork and the expertise provided by the brokers at CBRE, representing both the seller and the buyer.

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Deals
  • Location
    East Orange, New Jersey, United StatesEast Orange, New Jersey, United States
  • Sale Price
    $53,000,000$53,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    10 Brokers, 3 Agencies10 Brokers, 3 Agencies

Agents

Zachary (Zach) McHale

Zachary (Zach) McHale

Deals17
Financed$649.7M

Nat Gambuzza

Nat Gambuzza

Deals29
Financed$474.6M

Travis Langer

Travis Langer

Deals28
Financed$1.2B

Richard Gatto

Richard Gatto

Deals36
Sold$933.1M

Jeffrey Dunne

Jeffrey Dunne

Deals45
Financed$2.2B

Fahri Ozturk

Fahri Ozturk

Deals36
Sold$933.1M

David Gavin

David Gavin

Deals32
Sold$1.6B

Steven Bardsley

Steven Bardsley

Deals35
Sold$1.6B

Jeremy Neuer

Jeremy Neuer

Deals35
Sold$1.8B

Agencies

CBRE

CBRE

Agency
Deals4229
Volume$184.3B

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Jeremy Neuer, Steve Bardsley, Jeffrey Dunne, David Gavin, Fahri Ozturk, Richard Gatto, Travis Langer, Zachary McHale, Timothy Blashford & Nat Gambuzza DATE: 01/10/2022 ADDRESS: Multifamily Portfolio MARKET: East Orange, NJ ASSET TYPE: Multifamily SELLER: OneWall Communities - Nate Kline BROKERS: Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Richard Gatto, Fahri Ozturk, Travis Langer, Zachary McHale, Nat Gambuzza & Timothy Blashford - CBRE SALE PRICE: $53,000,000 UNITS: 301 ~ PPU: $176,080

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CBRE brokers 301-unit Multifamily Portfolio for $53,000,000

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