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Traded: New Jersey

Recent commercial real estate transactions in New Jersey.

15/12/2025

SALE
IMAGE: David Ferber
DATE: 11/07/2025
ADDRESS: 533 67th Street
MARKET: West New York
ASSET TYPE: Multifamily

BUYER: Tuli Steuer
SELLER: Chris Yegen
BROKER: David Ferber - Matthews ()

SALE PRICE: $4,350,000
UNITS: 32
CAP RATE: 5.7%

12/12/2025

SALE
IMAGE: Greg Albert
DATE: 12/11/2025
ADDRESS: 22 Center Street
MARKET: Metuchen
ASSET TYPE: Multifamily

BUYER: Greg Albert - HarborPoint Residential
SELLER: Ramani Group
BROKER: The DiOrio Commercial Team - Berkshire Hathaway HomeServices Fox & Roach ()

SALE PRICE: $8,000,000
UNITS: 22 ~ PPU: $363,636

NOTE: HarborPoint Residential acquired a 22-unit apartment building at 22 Center St. in Metuchen, NJ, for approximately $8M. The downtown property includes 19 market-rate units, three affordable units, and amenities such as a gym, storage lockers, and a rooftop terrace, with the DiOrio Commercial Team representing the seller.

12/12/2025

LOAN
IMAGE: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Scott Shnay & David Manheimer
DATE: 11/25/2025
ADDRESS: 22 Fulton Street
MARKET: Newark
ASSET TYPE: Multifamily ~ UNITS: 396 ~ SF: 407,000

LENDER: Goldman Sachs UIG (), Barings & Basis Investment Group
LANDLORD: Scott Shnay & David Manheimer - SK Development (); Miles Berger - The Berger Organization
BROKERS: Aaron Appel, Jonathan Schwartz (), Keith Kurland (), Adam Schwartz (), Dustin Stolly, Sean Reimer & Jordan Casella - Walker & Dunlop ()

LOAN AMOUNT: $239,000,000
LOAN TYPE: Construction

NOTE FROM BROKERS: The project leverages multiple government incentive programs, including $90.0 million in NJ ASPIRE tax credits, supporting deep affordability with 20% of units reserved for households earning 60% of Newark’s AMI. The Aspire Tax Credits were purchased by Mass Mutual with interim financing provided by Bear Creek Capital. Additional financial benefits include a 30-year Newark Tax PILOT agreement to support the development of the project. Walker & Dunlop's New York Capital Markets arranged the construction financing, preferred equity, and forward permanent financing

12/12/2025

SALE
IMAGE: Chris Cervelli
DATE: 12/11/2025
ADDRESS: 65 Martin Luther King Jr. Drive
MARKET: Jersey City
ASSET TYPE: Multifamily

BROKER: Chris Cervelli () - Cervelli Real Estate & Property Management ()

SALE PRICE: $1,025,000
UNITS: 6 ~ PPU: $170,833

NOTE: A private investor bought a six-unit building at 65 Martin Luther King Drive in Jersey City for $1.025M, with the property generating about $82K in net income. Cervelli Real Estate brokered the deal, noting investor demand for small, stable multifamily assets with predictable cash flow.

12/12/2025

SALE
IMAGE: Nat Gambuzza & Timothy Blashford
DATE: 9/26/2025
ADDRESS: 818 & 759 Stuyvesant Avenue
MARKET: Irvington
ASSET TYPE: Multifamily

BROKERS: Nat Gambuzza & Timothy Blashford () - Berkadia ()

SALE PRICE: $5,213,000
UNITS: 36 ~ PPU: $144,805
SF: 36,000 ~ PPSF: $144

NOTE FROM BROKER: Nat Gambuzza and Tim Blashford are pleased to announce the closing of a 36-unit multifamily portfolio in Irvington, New Jersey. Berkadia represented the seller and sourced the buyer in this off-market transaction. The buyer was attracted to this asset to add scale to their portfolio in the area. They have plans to implement a value-add strategy by renovating the unrenovated units upon turnover.

11/12/2025

SALE
IMAGE: Thomas Chopper Russo & Patrick Varelas
DATE: 12/05/2025
ADDRESS: 571-577 New York Avenue
MARKET: Lyndhurst
ASSET TYPE: Development Site

BUYER: Anthony Frisina
SELLER: George Bollenbach, Geoff Bollenbach & Scott Wolf
BROKERS: Patrick Varelas () & Thomas Chopper Russo () - RE/MAX Select ()

SALE PRICE: $2,800,000

11/12/2025

SALE
IMAGE: Daniel Lanni & Robert Squires
DATE: 11/14/2025
ADDRESS: 1222-1230 First Avenue
MARKET: Asbury Park
ASSET TYPE: Multifamily

BROKERS: Daniel Lanni () & Robert Squires () - Kislak ()

SALE PRICE: $2,300,000
UNITS: 10 ~ PPU: $230,000

11/12/2025

LOAN
IMAGE: Eliezer Finkel & Rael Gervis
DATE: 12/03/2025
ADDRESS: Avenue of the States
MARKET: Lakewood
ASSET TYPE: Retail ~ BSF: 115,000

BROKERS: Eliezer Finkel & Rael Gervis - Meridian Capital Group (.Capital.Group)

LOAN AMOUNT: $32,000,000
LOAN TYPE: Construction

10/12/2025

SALE
IMAGE: Henry Steinberg, John Plower, Ryan Cottone & Zach Maguire
DATE: 12/09/2025
ADDRESS: 1300 Corporate Way
MARKET: Olyphant, PA
ASSET TYPE: Industrial ~ SF: 1,000,000

BUYER: Henry Steinberg - EQT Real Estate
BROKERS: John Plower, Ryan Cottone & Zach Maguire - JLL ()

NOTE: EQT Real Estate acquired the 1M-SF Scranton North Logistics Center in Olyphant, PA, a 2023-built cross-dock facility fully leased to an investment-grade tenant. JLL’s John Plower, Ryan Cottone, and Zach Maguire represented the seller, highlighting the property’s 40-foot clear heights, 163 dock-high doors, and strategic location near US Route 6 and Interstates 81 and 84.

10/12/2025

SALE
IMAGE: Joseph A. Panepinto Sr., Mahbod Nia, Andy Merin, Niko Nicolaou, Ryan Dowd, J.P. Hohl & Brian Whitmer
DATE: 12/10/2025
ADDRESS: 3 2nd Street & 242 Hudson Street
MARKET: Jersey City
ASSET TYPE: Development Site ~ ACRES: 4.2

BUYER: Joseph A. Panepinto Sr. - Panepinto Properties
SELLER: Mahbod Nia - Veris Residential ()
BROKERS: Andy Merin, Niko Nicolaou (), Ryan Dowd () & J.P. Hohl - Cushman & Wakefield (); Brian Whitmer - RePropCo

SALE PRICE: $75,000,000

NOTE: Panepinto Properties bought the 4.2-acre Harborside 8/9 waterfront site in Jersey City from Veris Residential for $75M, securing approvals for two mixed-use residential towers totaling 1,257 units and significant retail and parking. Veris’ exit from the Harborside complex continues its shift toward a pure-play multifamily REIT, with Cushman & Wakefield’s Tri-State Capital Markets team — Andy Merin, Niko Nicolaou, Ryan Dowd, JP Hohl — and RePropCo’s Brian Whitmer advising the seller.

10/12/2025

SALE
IMAGE: Daniel Yadgaroff, Kenneth Wellar & Alan Krawitz
DATE: 10/30/2025
ADDRESS: 713, 715, 717, 718, 721-23, 725-27 N 16th St, 1502, 1504 Swain St & 1620 Brown St
MARKET: Philadelphia
ASSET TYPE: Multifamily & Development Site

BROKERS: Daniel Yadgaroff (), Kenneth Wellar () & Alan Krawitz ()- Global Real Estate Advisors (GREA) ()

SALE PRICE: $5,700,000
UNITS: 36 ~ PPU: $158,333
SF: 21,750 ~ PPSF: $262

09/12/2025

LOAN
IMAGE: Alex Washburn, Brad Zampa & Mike Walker
DATE: 12/08/2025
ADDRESS: 101 & 103 John F. Kennedy Parkway
MARKET: Short Hills
ASSET TYPE: Office ~ SF: 320,000

LENDER: Hines () & Rialto Capital Management
LANDLORD: Alex Washburn & Stan Baty - Columbia Pacific Advisors
BROKERS: Brad Zampa & Mike Walker - CBRE ()

LOAN AMOUNT: $58,000,000
LOAN TYPE: Refinance
LOAN TERMS: five-year, floating-rate

NOTE: Columbia Pacific Advisors refinanced its two-building, 320,000-square-foot Short Hills office campus with a $58M, five-year floating-rate loan from Rialto Capital Management and Hines, arranged by CBRE’s Brad Zampa and Mike Walker. The complex — 95% leased and anchored by major financial firms, with Selective Insurance taking the entirety of 103 JFK Parkway — drew multiple lender bids as confidence in the office sector improves.

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