Best of 2018: The Largest Multifamily Sale

Gateway Portfolio-Hudson County, NJ

Size: 1,272 Units 
Brokers: Nicholas Nicolaou (Executive VP), Joseph Brecher (Executive Managing Director)
As the largest of six multi-family property packages that comprised the Gateway Portfolio, sold on behalf a single private seller, this sale involved a collection of 67 apartment buildings sold for $190.65 million. Spanning West New York (47 buildings/993 units), Jersey City (12 buildings/175
units), North Bergen (6 buildings/76 units) and Guttenberg (2 buildings/28 units), this trade registered a $150,000 per-unit price and captured the attention of sellers and buyers nationwide. Nicolaou exclusively represented the seller, a private unnamed investor, and Joseph Brecher procured the buyer, Optimum Holdings LLC.

Please reload

Featured Posts

The Azarian Group signs over seven new leases in recent months

March 11, 2020

Please reload

Recent Posts

March 26, 2020

Please reload

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.