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SELA Realty Investments aquires The Sussex House in Cherry Hill from AIG for $4.1 million

PropertyApril 1, 2015

CHERRY HILL, NJ — SELA Realty Investments, a real estate investment and management company located at Fort Lee, NJ has announced its recent acquisition - The Sussex House located at 1001 North Kings Highway, Cherry Hill. The company acquired 59 condominiums out of 77 units from AIG for $4.1 million. The occupancy at the time of sale was 95%. Jason Starkman of Starkman Realty Group represented both the buyer and seller in the transaction. Tal Steinberg, managing partner of SELA said: “The Sussex house is an amazing building. It was built as a condominium building rather than a rental and it shows.