"It is rare that a property of this caliber becomes availablefor sale in such a high-demand area," Greenberg says. "We're verypleased to have been selected as the exclusive sales agent for theproperty. Based on the strong demand, this property is expected toattract bids of between $55 million and $60 million."

If the complex does in fact pull in bids in that range, thatwould put the sale price per unit somewhere in the $150,000 to$165,000 range.

Located at 2 Taylor Ave. here, Colonial Village is hitting themarket with a current occupancy of 99%, leaving just four unitsavailable. Located within walking distance of schools, the propertyalso has direct access to both Route 1 and the New Jersey Turnpike.Greenberg lists such building features as broadband Internetaccess, cable and satellite capabilities, hardwood floors andlaundry facilities.