Updated Oct 2, 2026
Sinai Grossman Purchases Multifamily Asset At 100 104 Romaine Ave From Avi Mega For $4.25M
100 104 Romaine Ave
$4,250,000
$188/SF
Building Size
22,500 SF
Asset Type
MultiFamily
Closing
Nov 24, 2025
About this deal
AI
The property involved in this transaction is located at 100 104 Romaine Ave in Jersey City. This multi-family asset has a total square footage of 22,500 and was sold for $4,250,000.00.
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
- Broker: Steven Matovski - Redwood Realty Advisors
Sinai Grossman acquired the property from seller Avi Mega, with the transaction facilitated by Steven Matovski, who represented Redwood Realty Advisors in the deal.
On the Map
$4,250,000
$188/SF
MultiFamily
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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