Invel Capital Buys Apartment Complex in West Orange, New Jersey for $40.8M

West Orange multifamily near Turtle Back Zoo sells for $40.8M

The basics: The West, a 70-unit luxury multifamily property in West Orange, sells for $40.8M JLL arranges sale, secures financing for buyer JV Amenities include rooftop terraces, fitness center  Property sits near Turtle Back Zoo with strong local demographics A 70-unit luxury multifamily property in West Orange – located near the Essex County Turtle Back Zoo – sold for $40.8 million in a deal arranged by JLL Capital Markets. The firm announced…

Invel Capital Buys Apartment Complex in West Orange, New Jersey for $40.8M

WEST ORANGE, N.J. — Local investment firm Invel Capital has purchased a 70-unit apartment complex in West Orange for $40.8 million. Completed in 2023, the property at 555 Northfield Ave. offers one-, two- and three-bedroom units with an average size of 1,305 square feet. Amenities include a fitness center, rooftop terraces, resident lounges and a dog run. Oliver, Steve Simonelli, Jose Cruz, Ryan Robertson, Elizabeth DeVesty and Austin Pierce of …