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Spaxel Acquires Multifamily Portfolio In East Orange, NJ For $113M

106, 111, 120, 158, 179, 255, 275, 296, 94 South Harrison Street & 650 Park Avenue
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This MultiFamily property located in NJ was sold for $113,000,000 over 2 years ago. The brokers of the deal were Niko Nicolaou, David Oropeza, and Joseph Brecher

An eight-property multifamily portfolio in East Orange, NJ has been sold for a total of $113,000,000. The portfolio consists of 641 units, with an average price per unit of $176,287. The properties included in the sale are located at 106, 111, 120, 158, 179, 255, 275, and 296 S. Harrison St, as well as 94 S. Harrison St and 650 Park Ave.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $113,000,000
  • Units: 641
  • Price Per Unit: $176,287
  • Address: 106, 111, 120, 158, 179, 255, 275, 296 S. Harrison St and 94 S. Harrison St, 650 Park Ave, East Orange, NJ

Gebroe-Hammer Associates represented the buyer, Spaxel, in the transaction. Joseph Brecher, David Oropeza, and Niko Nicolaou from Gebroe-Hammer Associates acted as the brokers for the deal.

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Deals
  • Location
    106 South Harrison Street, East Orange, NJ, USA106 South Harrison Street, East Orange, NJ, USA
  • Sale Price
    $113,000,000$113,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Joseph Brecher

Joseph Brecher

Deals4
Sold$175.1M

Niko Nicolaou

Niko Nicolaou

Deals20
Financed$945.9M

Agencies

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4188
Volume$167B

Gebroe-Hammer Associates

Gebroe-Hammer Associates

Agency
Deals31
Volume$761.8M

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Deal Summary

SALE IMAGE: Joseph Brecher, David Oropeza & Niko Nicolaou DATE: 11/01/2021 ADDRESS: 106, 111, 120, 158, 179, 255, 275, 296, 94 S. Harrison St & 650 Park Ave MARKET: East Orange, NJ ASSET TYPE: Multifamily BUYER: Spaxel SELLER: Milrose BROKERS: Joseph Brecher, David Oropeza & Niko Nicolaou - Gebroe-Hammer Associates SALE PRICE: $113,000,000 UNITS: 641 ~ PPU: $176,287

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106, 111, 120, 158, 179, 255, 275, 296, 94 South Harrison Street & 650 Park Avenue

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