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100 Bellis Court, Bridgewat...

Unknown Buyer Acquires Property At 100 Bellis Court Bridgewater For $32.5 Million With Seller's Reps Eli Herskowitz And Greg Pine
SOLDMultiFamily

Unknown Buyer Acquires Property At 100 Bellis Court Bridgewater For $32.5 Million With Seller's Reps Eli Herskowitz And Greg Pine

100 Bellis Court, Bridgewater, NJ, 088...

$32,500,000

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property asset involved in the transaction is Woodmont Square Apartments, a market-rate, multifamily community comprised of 100 units. The community is located at 100 Bellis Court, Bridgewater, NJ, and was built in 2012. The sale was concluded at a price of $32,500,000.00. The property includes various amenities, such as a clubhouse, fitness center, game room, business center, basketball court, and picnic area.

Summary of transaction details:

Gebroe-Hammer Associates, specifically Greg Pine, Stephen Tragash, and Eli Herskowitz, represented the seller, Woodmont Properties at Bridgewater LLC, in the transaction, while the identity of the buyer remains undisclosed.

Players

Eli Herskowitz

Gebroe-Hammer Associates

Broker

$157.7M

vol

3 deals

Broker

Bridgewater 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

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93