Capital Realty Associates, a leading New Jersey-based commercial real estate brokerage firm specializing in multifamily property sales, recently completed the sale of a 73-unit multifamily portfolio in Perth Amboy, New Jersey. The portfolio that comprised seven buildings was sold by Lev Properties to a New York-based investor. The team of sales associates Ben Cooper and Solomon Halberstam, completed this transaction on behalf of the parties. The sale price was $11.95 million.
“We are pleased have closed this seven-building portfolio on behalf of our client,” stated Benjamin Greenstein, president, Capital Realty. “At Capital Realty, we take great pride in procuring the most suitable real estate transactions for our clients, and strive to arrive at the best terms for all parties involved,” he added.
The property addresses that comprised this portfolio sale include 193 and 203 Market Street; 315 Herbert Street; 390 State Street; 130 Pearl Place; 174 Pulaski Avenue and 459 Penn Street.
“Perth Amboy is a unique urban area rich with multi-family properties that are ideal for investors looking to gain a foothold in the region. Its close proximity to some of the state’s major highways and the waterfront make the city of Perth Amboy ideal for investors and residents alike,” added Ben Cooper.
Cooper and Halberstam have been very active in the multifamily sales sector on New Jersey having also recently completed the sales of a 53-unit portfolio in Atlantic City and a 12-unit portfolio in Jersey City, respectively.
