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KABR Group Acquires Multifamily Property In Bayonne For $49.6M

Property Image
SOLD
$49,600,000
Michael Oliver
Austin Pierce
Kevin O’Hearn
+ 3

New Jersey

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MultiFamily276,000 SF
Sold 03/16/2022
the dealplayerscompscontact
Property Image
SOLD

KABR Group Acquires Multifamily Property In Bayonne For $49.6M

19 East 19th Street, Bayonne, New Jersey 07002, United States

See Similar Deals
MultiFamily276,000 SF
Sold 03/16/2022
Michael Oliver
Austin Pierce
Kevin O’Hearn
+ 3
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$179
Total Square Footage:276,000 SF
Transaction Type:Sale

The multifamily property located at 19 E 19th St in Bayonne has been sold in a transaction that took place on March 16, 2022. The asset consists of 138 units with a total square footage of 276,000. The sale price for the property was $49,600,000, resulting in a price per unit of $359,420 and a price per square foot of $180.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $49,600,000
  • Address: 19 E 19th St
  • Market: Bayonne

The buyer in this transaction was KABR Group, while the seller was Ingerman Group. The deal was facilitated by several brokers from JLL, including Jose Cruz, Mike Oliver, Steve Simonelli, Kevin O'Hearn, JB Bruno, and Austin Pierce.

Note: No additional information is available.

Players

JB Bruno
JLL
JB Bruno
21 deals$1.6B volume(908) 447-0021
BROKER
Jose Cruz
JLL
Jose Cruz
102 deals$7.9B volume(201) 240-7546
BROKER
Steve Simonelli
JLL
Steve Simonelli
64 deals$4.9B volume
BROKER
Austin Pierce
JLL
Austin Pierce
17 deals$1.8B volume
BROKER
Michael Oliver
JLL
Michael Oliver
69 deals$4.3B volume
BROKER
Kevin O’Hearn
JLL
Kevin O’Hearn
52 deals$2.3B volume(973) 549-2018
BROKER
KABR Group
KABR Group
BUYER

Details

SOLD
IMAGE: Jose Cruz, Steve Simonelli, Mike Oliver, Kevin O'Hearn, JB Bruno & Austin Pierce DATE: 03/16/2022 ADDRESS: 19 E 19th St MARKET: Bayonne ASSET TYPE: Multifamily BUYER: KABR Group SELLER: Ingerman Group BROKERS: Jose Cruz, Mike Oliver, Steve Simonelli, Kevin O'Hearn, JB Bruno & Austin Pierce - JLL SALE PRICE: $49,600,000 UNITS: 138 ~ PPU: $359,420 SF: 276,000 ~ PPSF: $180

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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