The-Gates-at-Somers-Point-NJ

Marcus & Millichap Arranges $11.4M Multifamily Sale in New Jersey

by Amy Works

SOMERS POINT, N.J. — Marcus & Millichap has brokered the sale of The Gates at Somers Point, a multifamily complex in Somers Point. The 202-unit, garden-style property sold for $11.4 million, or $56,436 per unit. Situated on five acres at 555 Shore Road, the five-building property features a mix apartment floorplans. Nat Gambuzza and John Veniero of Marcus & Millichap’s New Jersey office represented the seller, WWW Associates, and the undisclosed buyer in the deal.

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