Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LODI, NJ-Lunor Associates has sold the two-story, five-building, 52-unit garden apartment complex at located 222 Garibaldi Ave. here to Lodi Realty LLC, a locally-based organization. The terms and sale price of the property were not announced by the parties. Columbia Savings Bank of Fairlawn, NJ provided the financing for the buyer.

Vincent C. Comperatore, a principal in the brokerage firm of Comperatore Associates, based in Totowa, NJ, arranged the transaction on behalf of the seller. The buyer represented itself in the negotiations. The residential complex is located near Route 17 and I-80 in this Bergen County community in northern New Jersey.

The 52 units are made up of a combination of one- and two-bedroom units that are currently fully leased. The property is located close to several business complexes and retail centers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.