SHELDON GOOD AUCTIONS FIVE-PROPERTY MULTIFAMILY PORTFOLIO FOR $26.6 MILLION

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TRENTON, N.J., AND ALLENTOWN, PA. — Sheldon Good & Co. has completed the sale by auction of a five-property multifamily portfolio. The buyers of the properties paid a combined total of approximately $26.6 million. Carteret Arms, a 270-unit building located in Trenton, sold for $13.91 million. Washington Crossing, which is located in Allentown, sold for $5.3 million. Grand Court Villa, a 63-unit building located in Trenton, sold for $4.8 million. The Livingston, a 36-unit building located in Allentown, sold for $1.7 million. Finally, Julian Court, which is located in Allentown, sold for $936,000. Sheldon Good completed the sale on behalf of Connolly Properties, which is currently under bankruptcy protection.

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