(Read more on the multifamily market.)
NEWARK, NJ-MacEvoy Court Apartment Complex, a 273-unit, three-building property at 140-148 Roseville Ave. here, has been listed for sale with an asking price of $11 million. And the New York-based Eastern Consolidated has picked up the exclusive to find a buyer, with the firm's David Schechtman and Jeffrey Troy handing the assignment.
The property is largely vacant, becoming that way after a previous owner had acquired it with designs on a conversion, according to Troy. The current owner and potential seller is a group of investors who bought the complex in a distressed sale.
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