(To read more on the multifamily market, click here.)
EAST WINDSOR, NJ-A total of 223 residential units have been soldas co-ops for a price tag of $16.5 million, or about $74,000 aunit. The sold units represent just under half of the total unitcount of the 470-apartment Orchards garden complex here. Theproperty in located in the Princeton corridor.
According to Robert Ploshnick, a managing director ofGebroe-Hammer Associates, the transaction was arranged by theLivingston-based firm's executive vice president Joel Schwartz andsenior vice president Joseph Brecher. "Financing for the sale wascomplex and required hands-on attention to detail," Ploshnicksays.
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