Shrewsbury Arms Apartments 1-19 Crawford St., Shrewsbury Township, NJ

July 2018- Houlihan-Parnes Realtors, LLC announced the sale of the Shrewsbury Arms apartments located at 1-19 Crawford Street, Shrewsbury Township, New Jersey. The property consists of a 160 unit garden apartment complex and one retail unit. Robert V. Tiburzi, Jr. represented the seller, a closely held investment group.  Although not eager to sell, the ownership concluded the sales price should be accepted due to the current interest rate environment.  Tiburzi said, “This is a solid real estate asset, and the purchase price was too good to pass up.”  The property sold for $25.45 million.  The purchaser is a Rockland County, NY based real estate investment company.  CBRE represented the buyer.  Doran Golubtchik, Esq. of Goldberg Weprin Finkel Goldstein LLP represented the seller.