N.J. APARTMENT COMPLEXES SELL FOR $7M

by admin

ELMWOOD PARK, N. J. — Marcus & Millichap has arranged the sale of two apartment complexes, totaling 87 units, in Essex County. A California-based investor purchased 355 Belleville Ave. in Bloomfield for $2.7 million. Christopher Rizzolo of Marcus & Millichap's New Jersey office represented both parties in the deal. In a separate transaction, a local developer sold a 50-unit apartment complex at 22-30 S. Munn Ave. in East Orange for $4 million. Nat Gambuzza, also of the firm's New Jersey office, represented the buyer, while Rizzolo represented the seller.

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