EOM Realty Sells Newly Developed Old Bridge Apartments

EOM Realty Sells Newly Developed Old Bridge Apartments
News| August 5, 2025| Paul Bubny
New York & Tri-State + Apartment Buildings

CBRE closed the sale of Oak Tree Plaza Apartments, a 36-unit, newly constructed, Class A residential property located at 600 Rte. 34 in Old Bridge, NJ. The asset was acquired by REVL Holdings, a first-time buyer in the market, for $12.13 million.

The CBRE team of Fahri Ozturk, Richard Gatto, and Zach McHale spearheaded the marketing campaign for the property and represented the seller EOM Realty, a New York City-based developer. CBRE also procured the buyer.

“We are proud to facilitate another successful transaction for EOM Realty, a longstanding client of ours for over a decade,” said 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.”

Built in 2023, Oak Tree Apartments is located within a five-minute drive from Exit 120 of the Garden State Parkway in Old Bridge.

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up