168-unit Newton apartment complex sells for $17.9M

TRD New York /
Mar.March 12, 2019 02:10 PM

Livingston, New Jersey-based brokerage Gebroe-Hammer Associates announced last week that it had brokered the $17.9 million sale of a 168-unit apartment complex in Sussex County to a private investor. The deal is for the garden-style Landmark West Apartments in Newton, according to ROI-NJ. The 11-building complex at 100 Swartswood Road, which was once the subject of a long-running tax dispute, was owned by Newton West Ltd. It is comprised of one- and two-bedroom apartments ranging from 750 to 1,041 square feet, GlobeSt reported. The deal came only a few weeks after Gebroe-Hammer brokered the $75 million sale of an 18-building, 487-unit multifamily portfolio owned by Madison Hill Properties in Hudson and Bergen counties. GlobeSt reported in mid-February that Progress Capital provided $60 million in financing for that transaction, which saw a private investor take control of the properties located in the municipalities of Bergenfield, Lodi and Union City. [ROI-NJ]


Related Articles

arrow_forward_ios
New Jersey Gov. Phil Murphy, New York Gov. Andrew Cuomo and Connecticut Gov. Ned Lamont (Credit: Murphy by Bennett Raglin/Getty Images for Montclair Film; Cuomo by Spencer Platt/Getty Images; Lamont by Bonnie Biess/Getty Images for SiriusXM)

Cuomo joins forces with Connecticut, NJ governors to combat coronavirus

Cuomo joins forces with Connecticut, NJ governors to combat coronavirus
Lucy the Elephant is for rent (Credit: iStock)

New Jersey’s most famous zoomorphic attraction is up for rent on Airbnb

New Jersey’s most famous zoomorphic attraction is up for rent on Airbnb
An aerial view and a rendering of The Element at 400 Claremont Avenue (Credit: Google Maps)

Jersey City mixed-use project lands $120M in financing

Jersey City mixed-use project lands $120M in financing
Meadowlands Arena (Credit: Google Maps and iStock)

NBC spends $750K to transform arena in New Jersey swamp

NBC spends $750K to transform arena in New Jersey swamp
Triplemint’s David Walker and John Scipione with Hoboken, New Jersey (Credit: iStock)

Triplemint expands to New Jersey

Triplemint expands to New Jersey
Thor's Joseph Sitt and the New Jersey Center of Excellence

Thor is breaking into the life sciences industry

Thor is breaking into the life sciences industry
Before demolition. the historic home at 44 Pleasant Avenue was on the market for $10 (Credit: Montclair Township, iStock)

A home listed for 10 dollars, but no one wanted it

A home listed for 10 dollars, but no one wanted it
Mack-Cali sells Paramus office property, Murphy enacts land bank reforms & more North Jersey real estate news

Mack-Cali sells Paramus office property, Murphy enacts land bank reforms & more North Jersey real estate news

Mack-Cali sells Paramus office property, Murphy enacts land bank reforms & more North Jersey real estate news
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...