More in multifamily

An out-of-town investor has purchased 44 12th Ave. in Paterson, N.J., a 20-unit multifamily property that is currently 100 percent leased. CBRE New Jersey Private Capital Group’s Charles Berger worked with Elli Klapper of CBRE’s N.Y. Investment Properties team to represent the seller in the transaction....More

DES PLAINES, IL—Malkin Properties of Illinois Inc. has hired HFF to market for sale Glen Oaks Commons, a 504-unit, mid-rise apartment property in this Chicago’s northwest suburbs. The complex, on 17.6 acres at 9700 Sumac Road, includes seven, four-story residential buildings with one-, two- and three-bedroom units averaging 938 square feet each. Community amenities include a swimming pool and sundeck, fitness center, playground and volleyball and tennis courts....More

An out-of-state buyer has purchased South Orange Towers, a 108-unit, multifamily apartment building for $11 million. According to date from CoStar Group, the final sales price represents the highest recorded price per unit for multifamily in Orange, at $101,851 per unit....More

Gebroe-Hammer Associates, based in Livingston, recently closed two multifamily sales in Elizabeth worth $3.58 million. Stephen Tragash, sales associate, arranged the sales, which totaled 42 units, including three ground-floor retail units....More

JSQ Commercial’s JSQ Multifamily I has raised $36.5 million to develop multifamily properties throughout the U.S. A joint venture with Watermark Residential of Indianapolis, Ind., a subsidiary of Thompson Thrift of Terre Haute, Ind. was formed to implement the strategy....More

G. S. Wilcox & Co., based in Morristown, N.J., has arranged total mortgage financing in excess of $46.34 million in three separate transactions....More

A walk-up apartment building in the Washington Heights neighborhood of Manhattan has sold for $2 million. The 1900s property consists of five stories and includes 20 units totaling approximately 17,450 sq. ft....More

A walk-up apartment building at 40 Morton Street, located between Seventh Avenue South and Hudson Street in the West Village, was sold in an all-cash transaction valued at $5.435 million....More

The Praedium Group, along with Nashville, Tenn.-based Carter-Haston Real Estate Services, have acquired Edgewater Plantation, a 360-unit multifamily complex in Mount Pleasant, S.C. for $42.68 million....More

NRES Holdings L.L.C., based in Kansas, has entered into an agreement with affiliates of New York City-based Almanac Realty Investors L.L.C. under which Almanac has committed to invest up to $150 million....More

A 163,438-sq.-ft., fully vacant office building situated on a Hudson River Pier in Weehawken is being marketed for sale. HFF has been retained on an exclusive basis to arrange the sale of 1500 Harbor Boulevard, which offers an opportunity for a multihousing conversion....More