Monday, October 26, 2020
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Summit Hill/100 Stone Hill Road

Address Summit Hill/100 Stone Hill Road
City/State: Springfield, New Jersey -NJ
Size: 228 Unit
Property type: Multifamily
Status: SOLD
Transaction Date: 03/27/2017
Buyer: A venture of the KRE Group and Avenue Realty Capital
Seller: Segal & Segal, a Morristown, N.J., apartment investor
Broker: Gebroe-Hammer Associates
Price: $70,000,000
Price per unit /sqft: $307,018


Note:

The KRE/Avenue Realty team used a $52.5 million loan from Investors Bank to help fund its purchase.



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