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Redwood Realty Advisors Brokers $7.2M Sale of Apartment Building in New Jersey

CHATHAM, N.J. — Redwood Realty Advisors has arranged the sale of Chatham Arms, an apartment building located at 49 S. Passaic Ave. in Chatham. A joint venture between Solar Capital and Vertical Realty Capital acquired the 31-unit property from Quad Realty LLC for $7.2 million, or $232,000 per unit. Thomas McConnell, Kevin McCrann, Matthew Sandelands and Jeremy Wernick of Redwood Realty Advisors brokered the transaction.

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‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
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‣ NAI Global
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‣ Walker & Dunlop

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