New Jersey real estate firm P3 Properties acquired The Pennington, a 147-unit multifamily property at 211 Pennington Ave. in Passaic, New Jersey, from The Birch Group for $49.5 million, or $336,735 per unit.
Originally a hospital, The Pennington apartment building sells
P3 Properties acquires 147-unit Passaic, New Jersey, building from The Birch Group
By Rachel Whaley with
March 20, 2026 | 7:45 P.M.
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IN THIS ARTICLE
- Properties
- The Pennington
211 Pennington Ave, Passaic, NJ
- Companies
- P3 Properties
Real Estate
- The Birch Group
Real Estate
- Contacts
- Niko Nicolaou
Vice Chairman, Cushman & Wakefield Inc
- Ryan Dowd
Manging Director, Cushman & Wakefield Inc
- David Bernhaut
Executive Vice Chairman, Cushman & Wakefield Inc
- Jean-Pierre Hohl
Associate Director, Capital Market, Cushman & Wakefield Inc
- Peter Welch
Financial Analyst, Cushman & Wakefield Inc