New construction in Avenel attracted a buyer for the 39-unit apartment building.

Cushman & Wakefield announced April 21 it arranged the sale of Boulevard East Apartments located at 355 Edgerton Blvd. in Middlesex County for $14.3 million. Avenel is an unincorporated community and census-designated place within Woodbridge.

The global commercial real estate services firm’s Tri-State Private Capital Group of Managing Director Andrew Schwartz, Director Jordan Sobel, Senior Associate Andre Balthazard and Associate Dan Bottiglieri represented the seller, Adoni Property Group, as well as procured the West Orange-based buyer, F.M Ferrari Investments, in the transaction.

Featuring three stories, the newly constructed project boasts full occupancy, CushWake said. Each unit offers two bedrooms along with premium finishes, such as stainless steel appliances, designer bathrooms and an assigned parking space, Cushman & Wakefield said.

Less than 10 minutes from the New Jersey Turnpike and the Garden State Parkway, the property sits equidistant to New York City and the Jersey Shore.

“The Boulevard East Apartments presented an exceptional investment opportunity, combining premium unit finishes, strong leasing performance and a prime location in the thriving greater Woodbridge market,” said Sobel. “This sale underscores the continued demand for high-quality multifamily assets in well-connected New Jersey submarkets.”

According to F.M. Ferrari’s website, the company has more than $200 million in assets under management, representing over 20 properties and 1,100-plus units.

Last May, Adoni Property Group, based in Westfield, hit lease-up at its Denville Commons commercial property when the retail asset added four new tenants.