METUCHEN, NJ—Hackensack-based Alfred Sanzari Enterprises has bolstered its residential portfolio with the acquisition of Greenway Village, a newly constructed 49-unit apartment complex in Metuchen, NJ.
The purchase in the Middlesex County community expands the company's reach with a new presence in one of the premier submarkets in New Jersey. Lauren Rose Federgreen of Rose Real Estate represented both the buyer and sellers, Greenway Village and Aros Investments, in the transaction. This is the fourteenth transaction Rose Real Estate has closed since opening its doors in February 2015.
“This asset is an exciting addition to our multifamily portfolio,” says Ryan Sanzari, Alfred Sanzari Enterprises' chief operating officer. “We are a developer, owner and manager, and retain our real estate holdings for the long term. Greenway represented a unique opportunity to acquire a brand-new asset strategically located in an area where multifamily housing is in high demand. The combination of amenities has proven to be extremely attractive to renters in this marketplace.”
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