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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
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This MultiFamily property located in NJ was sold for $42,019,000 about 2 years ago. The broker of the deal was Nate Hyman

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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Deals
  • Location
    195 South Harrison Street, Orange, NJ 07050195 South Harrison Street, Orange, NJ 07050
  • Sale Price
    $42,019,000$42,019,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker1 Broker

Agent

Nate Hyman

Nate Hyman

Deals9
Financed$296.4M

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Deal Summary

SALE 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: $212,217

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195 Prospect Street; 150 South Harrison Street; 157 South Harrison Street; 742 Park Avenue

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