Updated Aug 21, 2026
Sinai Grossman Purchases MultiFamily Property From Avi Mega In Jersey City For $4,250,000
100 104 Romaine Ave
$4,250,000
$188/SF
Building Size
22,500 SF
Asset Type
MultiFamily
Closing
Nov 24, 2022
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 100 104 Romaine Ave in the Jersey City market. The sale was finalized for a total of $4,250,000.00, and encompasses a square footage of 22,500.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,250,000.00
- Address: 100 104 Romaine Ave
- Market: Jersey City
- Square Footage: 22,500.0
- Buyer: Sinai Grossman
- Seller: Avi Mega
- Brokers: Steven Matovski - Redwood Realty Advisors
This transaction highlights the key individuals involved, including the buyer Sinai Grossman and the seller Avi Mega. The deal was brokered by Steven Matovski, representing Redwood Realty Advisors in this successful sale.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93