A.J. Sussman Company negotiates sale of the only multi-family complex in Franklin Township, NJ

Franklin Township, NJ — A.J. Sussman Company announced the sale of the only multi-family apartment complex in Franklin Township.

Located at 981 N. Delsea Dr., the fully occupied community with 48 residential and three commercial units was off the market and under agreement within two weeks. This site, which sits on 3 acres, was built in the 1960s and has septic and well water for each unit – due to its location in the New Jersey Pine Lands that alone is very rare. Firm principal, Alan Sussman, represented the seller and long-time owners who had maintained current rents 10% below market with 100% occupancy.

Said Sussman of the deal, “I cannot say enough about my client. Being the only complex of this nature in the township, it was a ‘hot’ investment opportunity but the former owner’s meticulous attention to detail and industry knowledge greatly helped close the deal in record-breaking time. I am proud to have helped make it happen.”