NWestates LLC Acquires 32-Unit Multifamily Property From Stayce Arms LLC In Dumont
192 West Madison Avenue
Building Size
—
Asset Type
MultiFamily
Closing
Nov 13, 2025
AI
The sale involved a multifamily property with 32 units located at 186–192 Madison Avenue in Dumont, NJ. This fully occupied asset spans 0.92 acres and includes one- and two-bedroom units, along with 14 garages and 39 parking spaces, indicating a strong appeal for suburban rentals near Manhattan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Buyer: NWestates LLC
- Seller: Stayce Arms LLC
- Brokers: Steve Tragash & Greg Pine - SAGE Investment Real Estate Advisors
SAGE Investment Real Estate Advisors orchestrated the transaction, facilitating the transfer of Madison Apartments from Stayce Arms LLC to NWestates LLC. The involvement of experienced brokers Steve Tragash and Greg Pine highlights the professional representation provided in this deal.
Players
Dumont 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93