Demonstrating the problem-solving tenacity required in today’s commercial real estate market, Livingston-based SAGE Real Estate Advisors has successfully arranged the sale of Roselle Grande, a 119-unit garden-style apartment community located at 220-250 West Sumner Ave. in Roselle Park.
The transaction was negotiated by SAGE’s brokerage team, featuring Partners and Co-Founders Steve Tragash and Greg Pine, alongside Principal Eli Herskowitz and Associate Katie Migner. The team exclusively represented the seller, Roselle Grande LLC, and procured the undisclosed buyer. Terms of the deal were not disclosed.
While the transaction marks a major milestone for the supply-constrained Union County multifamily submarket, the path to closing required heavy lifting beyond traditional brokerage services.
During the seller’s deliverables phase, the transaction hit a roadblock over an unresolved municipal permit issue. To prevent the deal from stalling, SAGE stepped in to shoulder the operational burden. Tragash and Migner spent nearly a month consulting directly with engineering firms and coordinating with the local construction department to supply the necessary documentation.
“Today’s commercial real estate environment requires an engaged and knowledgeable advisor who is willing to step outside the traditional box,” Tragash said. “At SAGE, in addition to marketing properties for sale and advising on the current marketplace, we manage the friction that naturally occurs during complex deals.”
Pine added, “Roselle Grande is a phenomenal asset in a dense, supply-constrained market, and getting this deal across the finish line required absolute operational alignment from our entire team.”
Originally constructed in 1970 and sitting at the intersection of Roselle Park and Kenilworth, Roselle Grande consists of four distinct buildings offering a mix of studio, one-bedroom, and two-bedroom layouts. The stabilized asset boasts historically high occupancy rates, on-site parking, and dedicated laundry facilities.
Positioned to offer suburban comfort paired with urban accessibility, the community is located near Kean University, top-rated local schools, and major regional employment centers like New York City and Jersey City. Residents enjoy seamless transit connectivity via NJ Transit, the Garden State Parkway, and U.S. Route 22.
