CBRE has successfully closed the sale of Oak Tree Plaza Apartments, a newly constructed, 36-unit Class A residential property located at 600 Route 34 in Old Bridge, New Jersey. The property was acquired by REVL Holdings, marking the firm’s first purchase in this market, for a total of $12.13 million.
The transaction was brokered by the CBRE team of Fahri Ozturk, Richard Gatto, and Zach McHale, who led a comprehensive marketing campaign on behalf of the seller, EOM Realty, a New York City-based developer. CBRE also represented the buyer in this transaction.
“We are proud to facilitate another successful transaction for EOM Realty, a longstanding client of ours for over a decade,” said Fahri Ozturk. “Oak Tree Plaza Apartments is a prime example of the developer’s dedication to quality and craftsmanship, featuring the modern finishes and thoughtful design that today’s renters seek.”
Oak Tree Apartments is a 36-unit newly constructed, boutique Class A apartment building located within a 5-minute drive from Exit 120 of the Garden State Parkway in Old Bridge, NJ. The Property is comprised of 16 one- bedroom apartments, 17 two-bedrooms and 3 three-bedrooms all varying in size from 702 SF to 1,184 SF. The apartments feature high-end finishes including a Samsung stainless steel appliance package, subway tile backsplashes, in-unit washer/dryers, expansive walk-in closets, private balconies, among countless other luxury opti.
Residents enjoy convenient access to Downtown Matawan in under 5 minutes which offers a plethora of lifestyle amenities including Starbucks, Dunkin, Jersey Mikes Subs, Lightbridge Academy, Walgreens among many other local/regionally owned retailers and restaurants. Additionally, residents enjoy convenient access to the Aberdeen-Matawan NJ Transit train station (6 minutes away) which provides service to New York Penn Station in 59 minutes
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At REVL Holdings, our mission is to democratize access to real estate investment opportunities. We seek to provide transparency, integrity, and fairness to our investors, partners, vendors, and tenants through the responsible stewardship of real estate assets. Our firm is dedicated to delivering superior returns and fostering lasting partnerships with a commitment to sustainability.
