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New York & Tri-State  + New Jersey  + Apartments  | 
444 Lincoln Hwy. apartments Iselin NJ

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

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Inside The Story

Cushman & Wakefield’s Schwartz

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition
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