AMS Acquisitions Purchases MultiFamily Property In Bayonne For $32.1M

The multi-family property located at 154 Avenue E in Bayonne, NJ, 07002 has been sold for $32,100,000. The Silk Lofts, a former Maidenform factory, was redeveloped into a residential loft building in 2009. The property features 85 studio, one- and two-bedroom apartments, modern finishes, various amenities, and stunning views of the New York City skyline and Bayonne Bridge.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $32,100,000.00
• Market: Bayonne
• Seller: FCA
• Buyer: AMS Acquisitions
• Seller's Rep: Steven Matovski (Redwood Realty Advisors)
• Additional Plans: AMS Acquisitions intends to add 125 apartments to the site and build at least two new buildings on the surrounding parking lots

In the deal, Steven Matovski of Redwood Realty Advisors represented the undisclosed seller, while Matovski and Jeremy Wernick, also of Redwood Realty Advisors, co-represented the buyer, AMS Acquisitions.