For one, the 42-unit, fully occupied Riverside Court inRiverside, NJ has traded for $2.5 million or $59,500 per unit.Located at 429 St. Mihiel Dr. and consisting of three brickbuildings in the metro Philadelphia community, the property wassold by long-time owner Riverside Property Holdings. Also involvedas brokers were Edward Hovatter of Sherman, Silverstein andPodelasky of Pennsauken, NJ and Jonathan Mel of Rutherford, NJ,representing buyer Norse Holdings.


In the second sale, the 58-unit York Village Apartments inHanover, PA sold for just less than $2.5 million, or about $43,900per unit. Consisting of five buildings at 830 W. Alvin St., theproperty was sold and acquired by New Jersey-based investors, whowere not identified. Also involved as brokers were Chris Zentgraf,a sole practitioner from Lansdale, PA and Louis Cambrio of MarcusBrody Ford, Roseland, NJ.

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