Woodmont Properties Sells Pennington Multifamily Asset For $115.75M With SAGE Investment Advisors
SOLD
$115,750,000
+ 2
New Jersey
See Similar DealsMultiFamily350,000 SF
Sold 02/18/2026
SOLD
Woodmont Properties Sells Pennington Multifamily Asset For $115.75M With SAGE Investment Advisors
100 Forge Cir
See Similar DealsMultiFamily350,000 SF
Sold 02/18/2026
+ 2
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$330
Total Square Footage:350,000 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 100 Forge Cir in Pennington. The sale price for the property was $115,750,000, consisting of 300 units and covering a total square footage of 350,000. The price per unit amounts to $385,833, while the price per square foot is recorded at $330.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $115,750,000
- Units: 300
- Square Footage: 350,000
- Price Per Unit: $385,833
- Price Per Square Foot: $330
- Seller: Woodmont Properties
- Broker: Stephen Tragash, Eli Herskowitz, Angela Melillo, Katie Migner & Greg Pine - SAGE Investment Real Estate Advisors
- Date of Transaction: 02/19/2026
The transaction was represented by a team of brokers from SAGE Investment Real Estate Advisors, specifically Stephen Tragash, Eli Herskowitz, Angela Melillo, Katie Migner, and Greg Pine, who facilitated the sale on behalf of Woodmont Properties.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$411,235.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$548,714.05
Annual Debt Service$6,584,568.63
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