An investor acquired an eight-unit apartment building at 325 First St. in Carlstadt for $1.325 million in an all-cash 1031 exchange transaction.
A cash buyer has purchased an eight-unit multifamily asset located at 325 First St. in Carlstadt, New Jersey. The two-story property, which consists of studio and one-bedroom apartments, was brokered by Marcus & Millichap in a deal that closed within two weeks of hitting the market.
According to the brokerage team, the site's Bergen County location—near the Meadowlands Sports Complex and American Dream—drew significant investor interest. The property is also positioned near major transit arteries including routes 17, 3, 21, and the New Jersey Turnpike, supporting strong demand for northern New Jersey multifamily investments.
Cervelli Real Estate & Property Management adds three multifamily properties totaling three apartment buildings in Jersey City to its management portfolio.
ICON Real Estate Advisors brokered the $19.35-million sale of The Pavilion, a 46-unit apartment building in Long Branch, and an adjacent retail property.
Kawaida Towers, a 10-story affordable housing project, gains momentum in downtown Newark following an $8 million city grant.
Garden Communities launches a lottery for 90 affordable rental units at The Sylvan, a newly completed residential complex in Englewood Cliffs.
Walters earned 10 FAME Awards, including Community of the Year for the 73-unit Cornerstone at Hainesport in Burlington County.
Adoni Property Group sells the 52-unit multifamily property at 8 Tice Rd. in Franklin Lakes, New Jersey, for $29 million.
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