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Investor buys updated 31-unit apartment building in Chatham in $11 million deal by ICON – Real Estate NJ
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Investor buys updated 31-unit apartment building in Chatham in $11 million deal by ICON – Real Estate NJ
Chatham Arms at 49 South Passaic Ave. in Chatham — Courtesy: ICON Real Estate Advisors By Joshua Burd A private investor has acquired a renovated 31-unit apartment building in Chatham for $11.2 million, brokers with ICON Real Estate Advisors announced Monday. According to a news release, a buyer listed as Cornerstone 2025 LLC completed the deal at 49 South Passaic Ave. as part of a Section 1031 like-kind exchange. That followed a listing period …
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