BLACKWOOD, NJ — Ivanhoe Apartments, a 33-unit multifamily community consisting entirely of one-bedroom units and located in Blackwood, New Jersey, has been successfully sold for $4.5 million, or $136,364 per unit. The transaction was exclusively brokered by Adam Zweibel, President of Hudson Atlantic Realty.
The sale underscores continued and intensifying investor appetite for well-located suburban multifamily assets throughout Southern New Jersey. This marks the first time the property has been offered to the market in over 40 years. At 33 units, Ivanhoe Apartments represents the market’s most sought-after deal size, attracting serious private capital in supply-constrained markets.