October 21, 2019
CBRE’s Nat Gambuzza and Trevor Fiebel sold two multifamily properties in New Jersey’s Middlesex County totaling $11.3 million. The buyers and the sellers in both transactions were new investors to each of the municipalities.
“Investors are drawn to Middlesex County apartments due to its increasing population and diverse and growing employment,” said Gambuzza.
Working in collaboration with Jeffrey Dunne and Gene Pride of CBRE’s Stamford, CT office, Gambuzza and Fiebel arranged the sales of Brookside Village in Jamesburg (pictured) for $8.1 million and Heritage at Piscataway for $3.2 million. The newly-built Jamesburg property consists of 42 units, while the Piscataway property is an income-restricted, 55-plus active adult community with 30 units.
“As Northern New Jersey becomes further saturated with investors, helping our clients find opportunities in other markets is paramount to their success,” added Fiebel.
Connect National Investment & Finance is coming to New York on Oct. 23. For more information, or to register, click here.
Connect Opportunity Zones will be presented for the first time on Oct. 23 in New York. For more information, or to register, click here.
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