Cushman & Wakefield arranges $94M sale of North Jersey multifamily portfolio

Cushman & Wakefield arranges $94M sale of North Jersey multifamily portfolio

Cushman & Wakefield said Thursday that the real estate services firm has arranged the sale of the Tag Portfolio, a generationally owned multifamily portfolio totaling 519 units in Bergen and Hudson counties to Tuli Realty and Sher Management for $94 million. Livingston-based Tuli Realty acquired the properties in East Rutherford, Cliffside Park, Palisades Park, Lyndhurst, Garfield and Jersey City, while Sher Management of Brooklyn, N.Y., purchas…

North Jersey multifamily portfolio sells for $94M

Two buyers have acquired components of a generationally owned North Jersey multifamily portfolio with more than 500 units. Cushman & Wakefield announced the sale of the Tag Portfolio April 10. According to the commercial real estate services firm, the final sale price for the package located throughout Bergen and Hudson counties was $94 million. Tuli Realty of Livingston acquired the properties located in East Rutherford, Cliffside Park, Palisad…