NEW JERSEY—A private investment group tapped Feinstein, Raiss, Kelin & Booker LLC (FRKB), a West Orange, N.J.-based law firm, to provide legal counsel for its $37.6 million purchase of a 13-property Hudson County multifamily portfolio. Larry Raiss, managing partner at the firm, provided legal counsel on behalf of the private investment group in the transaction.
“Hudson County is a hub for multifamily trading activity due to the high concentration of apartment buildings in this market,” said Raiss, who specializes in commercial real estate transactions as well as related corporate and commercial activities.
The buyer, a veteran multifamily owner, is a first-time client of FRKB.
The 13-building portfolio contains a total of 398 units across seven properties in West New York; five in Union City; and one in North Bergen, N.J.