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Luxury Multifamily Trades Near MetroPark Station in Iselin
Cushman & Wakefield recently arranged the sale of 444 Lincoln Hwy., a 48-unit luxury multifamily asset in Iselin, NJ. The final sale price was $15,700,000, equating to $327,000 per unit.
The firm’s Andy Merin, Brian Whitmer, Andrew Schwartz, Jordan Sobel and Andre Balthazard represented the seller, Adoni Property Group. They also procured the buyer, FM Ferrari Investments.
“The multifamily market remains very strong, especially for luxury apartments,” said Schwartz. “444 Lincoln Hwy.’s high-end contemporary designs and finishes provide a competitive advantage for retaining tenants and allowing rent growth in the future, positioning new ownership for success.”
444 Lincoln Hwy. is a three-story, transit-oriented luxury apartment building that is fully leased. Constructed in 2018, the property is within walking distance of MetroPark Station, providing access via NJ Transit to New York City in under 50 minutes
- ◦Sale/Acquisition

