HASBROUCK HEIGHTS, NJ—Steven Matovski, a director with Redwood Realty Advisors, racked up four apartment sales during March with a combined purchased price of nearly $10 million. All of the assets were located in high-demand New Jersey markets, including Bayonne, Jersey City and Hasbrouck Heights.
“Steve has been a tremendous asset to the Redwood Realty team,” says Thomas McConnell, CCIM, managing partner at Redwood Realty. “He works diligently on behalf of his clients and also leverages his tremendous in-depth knowledge of the Hudson and Bergen county markets to their benefit.”
Matovski's transactions were: A mixed-use property in Hasbrouck Heights, with 32 apartments and eight commercial spaces, sold for $5.4 million, at a cap rate of 5.5 percent; a mixed use asset in Bayonne, with eight apartments and four office units, sold for $1.75 million at a cap rate of 7.7 percent; a three-building portfolio in Jersey City with 21 units, sold for $1.625 million at a 7.74 percent cap rate; and a seven-unit apartment in Jersey City sold by Oval Capital Management for $630,000.
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