**Adoni Sells Avenel Multifamily Property for $14.3 Million**
Cushman & Wakefield has announced the sale of Boulevard East Apartments, a newly constructed 39-unit multifamily community located at 355 Edgerton Boulevard in Avenel, New Jersey. The property was sold for $14.3 million.
The Tri-State Private Capital Group at Cushman & Wakefield, consisting of Andrew Schwartz, Jordan Sobel, Andre Balthazard, and Dan Bottiglieri, represented the seller, Adoni Property Group, in the transaction and also procured the buyer, FM Ferrari Investments.
“The Boulevard East Apartments presented an exceptional investment opportunity, combining premium unit finishes, strong leasing performance and a prime location in the thriving greater Woodbridge market,” said Jordan Sobel. “This sale underscores the continued demand for high-quality multifamily assets in well-connected New Jersey submarkets.”
Boulevard East is a three-story, fully leased apartment community featuring 39 two-bedroom units. Each unit includes upscale finishes such as stainless steel appliances, designer bathrooms, and assigned parking.
The property benefits from convenient access to major transportation routes, including the New Jersey Turnpike and the Garden State Parkway.
