A mystery buyer affiliated with a local property manager who used to work for Ocean Management has purchased a 72-unit Westville apartment complex for $10.25 million.
According to a warranty deed posted to the city’s land records database on Dec. 19, a company called 492 Fountain LLC paid $10.25 million to Imperial Gardens LLC to buy the apartment buildings at 492 – 514 Fountain St.
The property last sold for $4.25 million in 2011. The city last appraised it for tax purposes as worth $8,888,100…