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48-Unit Bogota MF sells for $6.75 Million

By Tony Seruga

It’s always a full house at RealShare Philadelphia. The Union League, February 9.

Landmark Development’s Bogota, NJ Garden Apartments

BOGOTA, NJ—Landmark Development Company has sold a 48-unit multifamily property it originally developed in 1962 in Bogota, NJ. Landmark sold the garden-style apartment project to Real Estate Growth Advisors for a competitive 4.8 percent cap rate and a total price of $6.725 million.

“REGA plans to execute a significant repositioning strategy in order to take advantage of the strong location and quality of the underlying asset,” says REGA principalJason Bilanin.

Hasbrouck Heights-based Redwood Realty Advisors handled the transaction…

48-Unit Bogota MF sells for $6.75 Million

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