Newark Apartment Portfolio Multifamily Sells For $80M - David Jarvis - Gebroe-Hammer Associates
Gebroe-Hammer Associates brokers deal for $80,000,000 Newark Apartment Portfolio
Summary
The Newark Apartment Portfolio, located in Newark, was recently sold in a closed transaction. The multifamily property, consisting of 484 units, was sold for a total price of $80,000,000. David Jarvis from Gebroe-Hammer Associates represented the seller in this deal.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $80,000,000
- Units: 484
- Price Per Unit: $165,289
This significant sale in Newark highlights the strong market demand for multifamily properties. The transaction was facilitated by David Jarvis of Gebroe-Hammer Associates, who acted as the broker for the seller. The sale price of $80,000,000 reflects the value of this large-scale apartment portfolio, with each unit averaging a price of $165,289.
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