Manny Sanghera Of Veerman Asset Management Represents Sale Of Multifamily Asset In Bound Brook For $9.2M
17-19 West Main Street
$9,200,000
$184/SF
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
Feb 26, 2026
AI
The property asset involved in the transaction is a multifamily building located at 17-19 West Main Street in Bound Brook. The sale price for the asset was $9,200,000, which comprises 28 units. The total square footage of the property is 50,000, resulting in a price per unit of $328,571 and a price per square foot of $184.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,200,000
- Address: 17-19 West Main Street
- Market: Bound Brook
- Units: 28
- Square Footage: 50,000
- Price Per Unit: $328,571
- Price Per Square Foot: $184
The transaction was represented by Manny Sanghera of Veerman Asset Management, who acted on behalf of the seller in this deal.
Bound Brook 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93