Gebroe-Hammer Associates announced it has arranged the $16.59 million sale of 134 multi-family units at Alpine Village Apartments in Wantage, Sussex County.
The transaction, in which Stephen Tragash, executive vice president of Gebroe, exclusively represented Alpine Village Apartments LLC, and procured the buyer, a private investor, also included a 17-acre land parcel for the construction of additional units.
Located at 4 Center St. in the Borough Center, Alpine Village features a mix of oversized one- and two-bedroom layouts ranging from 808 to 1,090 square feet.
The garden-style community is at the crossroads of Route 23 and 284, the focal point for the region’s primary business and shopping districts.
The sale of Alpine Village Apartments marks the second Sussex multi-family sale within a six-week timeframe for Tragash, who spearheaded the brokerage team arranging the $17.9 million sale of 168 units at Landmark West Apartments.