Berkadia successfully negotiated the $11.65 million sale of Madison Apartments, a well-maintained multifamily property in New Jersey, highlighting strong market demand and investor confidence.

Target Information

Berkadia has successfully facilitated the sale of Madison Apartments, a well-maintained 34-unit garden-style multifamily property located in Madison, New Jersey. The transaction, valued at $11.65 million, took place on July 3, 2025. The property, under the ownership of Madison Associates for over three decades, features a strong narrative of pride of ownership and extensive maintenance, making it an attractive opportunity for potential buyers.

Though originally constructed in 1960, Madison Apartments has benefitted from significant capital improvements in recent years, including new roofs, gutters, boilers, and repaved driveways. These enhancements contribute to the property's appeal, positioning it as a rare find in a competitive market.

Industry Overview

The multifamily real estate sector in New Jersey has witnessed a robust demand for quality housing, particularly in high-tier locales like Madison. The state's strategic location and its amenities have significantly bolstered its attractiven