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Marcus & Millichap Sells 41-Unit MF Building

NEWARK-The property traded hands between investors for $2.74 million.

By Alyson Grala | Updated on March 16, 2010

NEWARK-Marcus & Millichap Real Estate Investment Services has announced the $2.74-million sale of a 41-unit apartment property here, according to Michael J. Fasano, vice president/regional manager of the firm’s New Jersey office.

Christopher Rizzolo, an investment specialist in the firm’s Elmwood Park office, marketed the property on behalf of the seller, an in-state investor. Along with Maz Radwan, also an investment specialist, Rizzolo secured the buyer, a Northern New Jersey investor. “This is an upper tier asset in the immediate market featuring onsite laundry, gated parking, oversized layouts and a new heating system,” he tells GlobeSt.com.

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