Somerset Mixed Use Portfolio Sale
By Shaun Copeland, The Medialogy Group
Midtown closes Somerset Mixed Use portfolio.
Midtown Commercial Realty is pleased to announce the sale of a Mixed Use portfolio in Somerset, New Jersey at 499 and 507 Hamilton Street. The 2 properties totaled 17 multifamily units over 5,500 sf of retail at a price of $4.6 million.
Cheryl Darmanin, Managing Principal of Midtown, represented the purchaser in the transaction.
"Our client was looking to increase their position in the multifamily space, and the Hamilton Street properties were perfect. The diversification of cash flow and assets worked for what they wanted to accomplish at this time" said Darmanin.
Midtown is a vertically integrated commercial real estate firm with offices in New Jersey, New York, Raleigh, Florida, Oklahoma and Southern California. You can learn more about Midtown at midtowncre.com.