Hudson Atlantic announces $9.35M record-breaking sale of 50 units at 22-30 S. Munn, East Orange, NJ

$187,000 per unit sets record for vintage rent-controlled multifamily

East Orange, NJ — Hudson Atlantic Realty Advisors announced the off-market sale of 22-30 S. Munn, a 50-unit, five-story apartment building in East Orange, New Jersey, for $9.35 million, equating to an unprecedented $187K per unit.

This transaction establishes a new all-time high per-unit sale price in East Orange for a pre-war, rent-controlled multifamily asset, surpassing every prior comparable transaction in the submarket.

Vice president Nick Favorito exclusively represented the seller, collaborating closely with president Adam Zweibel on targeted marketing, buyer sourcing, and closing the transaction within just 90 days of engagement.

“Achieving $187,000 per unit on a 1924-vintage, rent-controlled property demonstrates the exceptional demand for renovated, transit-oriented multifamily assets in East Orange,” said Favorito. “We are extremely pleased to have delivered this historic result for our client in such an expedited timeframe. This is another win for our team and reinforces Hudson Atlantic’s position as a top brokerage in the region.”

The gut-renovated (2008) elevator building features oversized one-, two-, and three-bedroom apartments averaging 912 s/f, hardwood floors, modern kitchens and baths, on-site laundry, 24/7 security cameras, and an on-site superintendent, and a prime location just two blocks from East Orange Station (36-minute direct train to Midtown Manhattan).

Zweibel added, “This sale further solidifies East Orange as one of northern New Jersey’s strongest multifamily investment markets. Nick’s execution was flawless and once again proves the power of our proprietary, database-driven marketing approach in producing superior, record outcomes for our clients.”

This transaction reinforces Hudson Atlantic’s dominant leadership in New Jersey multifamily investment sales, with Adam Zweibel having personally closed over $2 billion in apartment transactions throughout the state.