Blue Diamond Equities Acquires Fort Lee Multifamily For $51.75M
2055 Center Avenue
123,215 SF
Summary
Blue Diamond Equities has acquired a multifamily property located at 2055 Center Ave in Fort Lee. The transaction, which took place on June 17, 2022, was facilitated by Cushman & Wakefield brokers Niko Nicolaou, Brian Whitmer, Ryan Dowd, and Will Gerlin. The property consists of 128 units with a total square footage of 123,215. The sale price of the property was $51,750,000, resulting in a price per unit of $404,296 and a price per square foot of $420.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $51,750,000
- Address: 2055 Center Ave
- Market: Fort Lee
- Brokers: Niko Nicolaou, Brian Whitmer, Ryan Dowd, and Will Gerlin - Cushman & Wakefield
- Total Units: 128
- Price per Unit: $404,296
- Total Square Footage: 123,215
- Price per Square Foot: $420
The acquisition of the multifamily property was successfully executed by Blue Diamond Equities with the assistance of the Cushman & Wakefield brokers, Niko Nicolaou, Brian Whitmer, Ryan Dowd, and Will Gerlin. The deal reflects a significant investment in the Fort Lee market, showcasing the strong demand for multifamily properties in the area.
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