KABR Group Acquires Multifamily Property In Bayonne For $49.6M

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.