Essex Realty Lists Multifamily Assets in Bowmanville, Edgewater
Essex Realty Group, Inc. has been selected to exclusively market two multifamily properties, 5355 N. Damen Ave. in Bowmanville and 1401 W. Highland Ave. in Edgewater. The properties are available individually.
5355 N. Damen is an 11-unit apartment building that was renovated in the late 2000s. It’s listed for sale at $2,350,000 by the Essex team of Rick Ofman, Doug Imber, Kate Varde, Jaimie Steinher and Dan Shepherd.
The team is also marketing 1401 W. Highland, a 12-unit apartment building just steps from Loyola University’s main campus, also renovated in the late 2000s. The asking price is $2,850,000.
“These are terrific multifamily assets that multifamily investors are always searching for: a value-add opportunity without having to do an expensive and time-consuming renovation project,” said Ofman. “With favorably sized units and strong demand for housing in these neighborhoods, a new owner can achieve tremendous upside.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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