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17-19 West Main Street

Manny Sanghera Of Veerman Asset Management Represents Sale Of Multifamily Asset In Bound Brook For $9.2M
SOLDMultiFamily

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.

Players

Manveer Sanghera

Veerman Asset Management

Broker

$247.2M

vol

15 deals

Broker

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