(To read more on the multifamily market, click here.)
PISCATAWAY, NJ-Investment group Carlton Club LLC has acquiredthe Carlton Club Apartments here from the Fox Family, GlobeSt.comhas learned. The 436-unit complex traded for $36 million, whichfactors out to just over $82,500 per unit.
Both the buyer and the seller were represented in thetransaction by Jeffrey P. Wiener, president and co-managingdirector of the Kislak Co., Woodbridge, NJ. "The Fox Family is theoriginal developer of this property, and the buyer has been aclient of ours for three generations," Wiener tells GlobeSt.com."This sale met the real estate objectives of both the buyer and theseller."
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