Skylight Real Estate Partners And PCCP Acquire Edgewater Multifamily From Barings For $130M
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This MultiFamily property located in NJ was sold for $130,000,000 about 2 years ago. The brokers of the deal were Jake Moore, Mark Belenky, Gerard Quinn, Michael Klein, Matthew Pizzolato, Steve Simonelli, Michael "Mike" Oliver, Jose Cruz, and JB Bruno
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- Location99 Gorge Road, Edgewater, New Jersey 07020, United States
- Sale Price$130,000,000$824 PPSF
- Area157,687 SF
- Asset TypeMultiFamily
- Parties9 Brokers, 1 Agency, 1 Lender
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Deal Summary
SALE
IMAGE: Jose Cruz, Steve Simonelli, Mike Oliver, Kevin O'Hearn, JB Bruno
DATE: 03/25/2022
ADDRESS: 99 Gorge Road
MARKET: Edgewater
ASSET TYPE: Multifamily
BUYER: Skylight Real Estate Partners - Andrew Miller & PCCP - Brian Haber
SELLER: Barings
BROKERS: Jose Cruz, Michael Oliver, J.B. Bruno, Steve Simonelli, Kevin O’Hearn & Mark Belenky - JLL Capital Markets
LENDER: J.P. Morgan Asset Management
MORTGAGE BROKERS: Michael Klein, Matthew Pizzolato, Gerard Quinn & Jake Moore - JLL
SALE PRICE: $130,000,000
UNITS: 226 ~ PPU: $575,221
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99 Gorge Road
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