Three of the properties are within walking distance of each other and less than a mile from a PATH station and NJ Transit's Newark-Broad Street station.

The Woodbridge-based real estate agency facilitated the multi-state transaction for its longtime client, helping bring value-added properties to its portfolio.

The 120-unit multifamily property is a legacy site that was purchased from the original developer in 1950 and owned by the same family for three generations, spanning 70 years.

The strength of New Jersey’s transit-oriented suburban market could not be more apparent: According to CoStar data, the sale marks the highest price per unit ever achieved for a multifamily property in Union County.

Executive Vice President Joni Sweetwood handled the assignments, and procured the purchasers, for the trade of 88 units in Cherry Hill, East Orange and Vineland.