(Read more on the multifamily market .)
MATAWAN, NJ-Main Street Village, a six-building, 56-unit gardenapartment complex here, has been sold for $6.2 million, whichfactors out to nearly $111,000 per unit. Situated in northernMonmouth County, the property consists of 40 apartments and 16townhouses. The seller was Main Street Village Inc., a local group,and buyer was the New York City-based Cammeby's InternationalLtd.
"This is an area on the upswing," says Alan Lieberman, VP of theLivingston-based Gebroe-Hammer Associates, who teamed with G-H SVPJoseph Brecher to represent the seller and bring the buyer to thetable. "Now is an excellent time to be involved in its real estatemarket.
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