SOLD
Renaissance Management Acquires Multifamily Property In New Brunswick For $173.5M
1 Richmond Street
MultiFamily
Sold 1 year ago
Summary
Sale
NEW JERSEY
MultiFamily
On March 9, 2022, a multifamily property located at 1 Richmond St in New Brunswick was sold for a total of $173,450,000. The property consists of 415 units, with an average price per unit of $417,952.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $173,450,000
- Address: 1 Richmond St
- Market: New Brunswick
The buyer in this transaction was Renaissance Management, while the seller was Manulife Investment Management. The deal was facilitated by CBRE brokers including Jeffrey Dunne, Jeremy Neuer, Richard Gatto, Fahri Ozturk, Stuart MacKenzie, and Eric Apfel.
Players
All
8
Agents
6
Agencies
2
Details
SOLD
IMAGE: Jeffrey Dunne, Jeremy Neuer, Fahri Ozturk, Richard Gatto, Stuart MacKenzie & Eric Apfel
DATE: 03/09/2022
ADDRESS: 1 Richmond St
MARKET: New Brunswick
ASSET TYPE: Multifamily
BUYER: Renaissance Management
SELLER: Manulife Investment Management
BROKERS: Jeffrey Dunne, Jeremy Neuer, Richard Gatto, Fahri Ozturk, Stuart MacKenzie & Eric Apfel - CBRE
SALE PRICE: $173,450,000
UNITS: 415 ~ PPU: $417,952View on map
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Address1 Richmond Street
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