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Three Plainfield Apartments Sell for $10M

PLAINFIELD, NJ-In two transactions, buyers pick up three apartments with 135 combined units for approximately $10.2 million.

By Sean Ryan | Updated on September 01, 2005

Sean Ryan is associate editor of Real Estate New Jersey. (To read more on the multifamily market, click here.)

PLAINFIELD, NJ-In two transactions, buyers have acquired three multifamily apartments with a combined 135 units here for a total of nearly $10.2 million. All three properties are currently 100% occupied.

The three properties are 831 Central Ave., a 21-unit garden apartment complex; Pingry Arms, a 52-unit mid-rise building at 606 Crescent Ave.; and Cornell Arms, a 62-unit complex at 735 Park Ave. The latter two buildings were sold as a single purchase to the same buyer. The buyers and sellers of the properties were not disclosed.

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