SOLD
Freemont Group Acquires Multifamily Portfolio In East Orange NJ For $42M
195 Prospect Street; 150 South Harrison Street; 157 South Harrison Street; 742 Park Avenue
MultiFamily
Sold 1 year ago
Summary
Sale
NEW JERSEY
MultiFamily
A multifamily property located at 195 Prospect Street, 150 S. Harrison Street, 157 S. Harrison Street, and 742 Park Avenue in East Orange, NJ, has been sold for a total price of $42,019,000. This property consists of 198 units, resulting in a per unit price of $212,217. The sale was completed on December 29, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $42,019,000
- Address: 195 Prospect Street; 150 S. Harrison Street; 157 S. Harrison Street; 742 Park Avenue, East Orange, NJ
- Market: East Orange, NJ
The buyer of this property is Freemont Group, represented by Nate Hyman from Polaris Funding. The seller in this transaction is Ron Kutas. Nate Hyman of Polaris Funding acted as the broker for this deal.
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Details
SOLD
IMAGE: Nate Hyman
DATE: 12/29/2021
ADDRESS: 195 Prospect Street; 150 S. Harrison Street; 157 S. Harrison Street; 742 Park Avenue
MARKET: East Orange NJ
ASSET TYPE: Multifamily
BUYER: Freemont Group ( @TheFreemontGroup)
SELLER: Ron Kutas (@RonKutas)
BROKER: Nate Hyman (@NateHyman) - Polaris Funding
SALE PRICE: $42,019,000
UNITS: 198 ~ PPU: $212,217View on map
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Address195 Prospect Street; 150 South Harrison Street; 157 South Harrison Street; 742 Park Avenue
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