CBRE completes $146m sale of seven-property, 1,035-apartment workforce housing portfolio

SADDLE BROOK, NJ — CBRE announced the $146 million sale of the Northern/Central New Jersey Workforce Housing Apartment Portfolio – a generational collection of seven multifamily high-rise and garden properties with 1,035 total units located in East Orange, Newark, Asbury Park and Trenton, New Jersey.
The CBRE team of Jeffrey Dunne, Gene Pride and Eric Apfel, along with Nat Gambuzza, John Veniero and John McFadden represented the owner, Murnick Property Group, in the sale and also procured the buyer, an international investor, in a bidding process that attracted over 33 offers.


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