Tiburzi of Houlihan-Parnes handles $27.3 million sale
Westville, NJ Rob Tiburzi of Houlihan-Parnes Realtors, LLC arranged the sale of Inverness Apartments, a garden-apartment complex located at 5600 Shetland Way. The complex, which includes 368 units on 30 acres, sold for $27.3 million. “The sale represented the successful conclusion of a ten year investment by his partners. The combination of low interest rates and a well-managed property led to us obtaining a sales price higher than most of the brokerage community expected,” said Tiburzi.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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