(Read more on the multifamily market.)
IRVINGTON, NJ-Three apartment buildings with a total of 100 units have been sold for $5.1 million, or an even $51,000 per unit. The transaction involves three four-story buildings situated at 380, 404 and 410 Union Ave. in this city's Downtown area.
The deal was brokered by David Jarvis, VP, and sales associate Elliot Schechter of Gebroe-Hammer Associates of Livingston representing both the buyer and the seller. Both parties were investor groups identified by the brokers only as, “long-time Gebroe-Hammer clients.”
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