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Newark Apartment Complex Trades for $36.5 Million

Tucker Development Sells 152-Unit 24 Jones
24 Jones is located in the in the University Heights neighborhood of Newark. (CBRE)
24 Jones is located in the in the University Heights neighborhood of Newark. (CBRE)
By Jacob Shaffer
CoStar Research
January 7, 2022 | 10:41 P.M.

RJ Block Properties has purchased 24 Jones, a 152-unit apartment complex in the University Heights neighborhood of Newark, New Jersey, from Tucker Development for $36.5 million, or about $240,000 per unit.

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