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CBRE completes $2.12M sale of distressed Rahway condo project


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The Saddle Brook office of Los Angeles-based CBRE Group Inc. announced Thursday the company has completed the $2.12 million sale of Riverwalk at Rahway, an incomplete condominium project, on behalf of the seller and buyer.

According to the announcement, CBRE NY Outer Boroughs' Elli Klapper and Matt Giordano and New Jersey Private Capital Group's Charles Berger completed the transaction. The sale consisted of a portion of the project's 86 townhomes in Rahway's Essex Street Redevelopment area, along the Rahway River. The community lies in a Transit Village within walking distance to New Jersey Transit's Rahway Train Station, where the Northeast Corridor Line and North Jersey Coast Line converge.

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