Berkadia Negotiates $10.73M Multifamily Property Sale in Orange, New Jersey
Orange, New Jersey –October 30, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, today announced the sale of Lincoln Manor Apartments, a 68-unit, garden-style multifamily property in Orange, New Jersey. Senior Managing Director Nat Gambuzza and Director Tim Blashford of Berkadia Morristown led the transaction on behalf of the seller, Layna Investments LLC, and procured the buyer, FM Equities LLC.
“This sale demonstrates the ongoing appetite for garden-style multifamily properties in transit-oriented New Jersey communities,” noted Blashford. “Strong demographic trends and rising rental demand continue to drive robust investor interest in Essex County.”
“Our deep knowledge of the Essex County market allowed us to effectively showcase Lincoln Manor’s value and connect our client with the ideal buyer,” said Gambuzza. “Essex County has been a hotbed of activity for our team having closed 6 transactions there year to date, with four more under contract.”
Located at 448-458 Lincoln Avenue, the property offers convenient access to the Borough of Orange, which is largely residential with a blend of retail and business areas. The Main Street district provides residents with a variety of retail shops, restaurants, nightlife, and coffee shops. The town features direct access to NJ Transit’s bus and train systems, making commuting simple and efficient.
Lincoln Manor Apartments features 68 units and offers amenities such as hardwood flooring, on-site laundry, and ample off-street parking.
Berkadia Arranges $10.7M Sale of Northern New Jersey Apartment Complex | RE Business Online