NEWARK — A Newark apartment complex has been bought at a price that’s well below its prior value, a possible indicator of a fading commercial and residential property market in the Bay Area.

The apartment hub, known as Dyln and located at 35750 Bettencourt St., was bought for $20.5 million, according to documents filed on July 16 with the Alameda County Recorder’s Office.

The purchase price is 41.6% below the most recently estimated value of $35.1 million, as reported by the Alameda County Assessor’s Office.

Trion Properties sold the complex to an affiliate headed by Los Angeles-based developer Jacob Wintner, county records show.

The multifamily residential property totals 83 units, according to Apartments.com. It was built in 1966 and consists primarily of a series of three-story buil

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