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:
- Property Type: Multifamily
- Transaction Amount: $32,500,000.00
- Address: 100 Bellis Court, Bridgewater, NJ
- Market: Bridgewater
- Seller's Representative: Eli Herskowitz, Greg Pine Gebroe-Hammer Associates
- Buyer: Unknown
- Year Built: 2012
- Units: 100
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
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