Highland Park Apt. Bldg. Sells for $4.9M

07/28/2010

Source: CoStar Group

FOR IMMEDIATE RELEASE: July 28, 2010
Source: CoStar Group
RE: Highland Park Apt. Bldg Sell for $4.9M
By: Nina Thilert

Jason Bilanin of Real Estate Growth Advisors purchased the multifamily building at 481 Second Ave. in Highland Park, NJ, from The Orbach Group LLC for 4.93 million, or $107,000 per unit.

The 46-unit apartment building, which totals 37,954 square feet, had only one vacancy at the time of sale.

Jason Bilanin owns and operates quality multifamily properties in New Jersey.

Joseph Brecher of Gebroe-Hammer Associates represented the seller.