EAST ORANGE, NJCBRE has arranged the $5.5 million sale of four multifamily properties known as the East Orange Portfolio. The properties are located at 6 Glenwood Ave., 30 Beech St., 46 South Arlington Ave. and 345 Williams St. in East Orange, NJ. With 73 units, the complex totals more than 74,500 square feet, with a mix of one-, two- and three-bedroom units.

CBRE Capital Markets Investment Properties’ Charles Berger and Mark Silverman, in New Jersey, and Elli Klapper, in New York, represented the seller, a long-time CBRE client, and procured the buyer in the transaction, securing an aggressive cap rate and price-per-unit figure. Adding to its existing portfolio of Essex County properties, the new owner plans to hold the multifamily complex for investment purposes.

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