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NWestates LLC Acquires 32-Unit Multifamily Property From Stayce Arms LLC In Dumont

Property Image
SOLD
Stephen (Steve) Tragash
Greg Pine

New Jersey

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MultiFamily
Sold 11/13/2025
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Property Image
SOLD

NWestates LLC Acquires 32-Unit Multifamily Property From Stayce Arms LLC In Dumont

192 West Madison Avenue

See Similar Deals
MultiFamily
Sold 11/13/2025
Stephen (Steve) Tragash
Greg Pine
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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

Stephen (Steve) Tragash
SAGE Investment Real Estate Advisors
Stephen Tragash
9 deals$222.8M volume
BROKER
Greg Pine
Gebroe-Hammer Associates
Greg Pine
8 deals$311.5M volume(973) 994-4500
BROKER
SAGE Investment Real Estate Advisors
SAGE Investment Real Estate Advisors
BROKERAGE

Details

SOLD
IMAGE: Steve Tragash & Greg Pine DATE: 11/13/2025 ADDRESS: 186–192 Madison Avenue MARKET: Dumont ASSET TYPE: Multifamily ~ UNITS: 32 BUYER: NWestates LLC SELLER: Stayce Arms LLC BROKERS: Steve Tragash & Greg Pine - SAGE Investment Real Estate Advisors NOTE: Sage Investment Real Estate Advisors arranged the sale of Madison Apartments, a fully occupied 32-unit multifamily property in Dumont, NJ, from Stayce Arms LLC to NWestates LLC. The four-building, 0.92-acre property features one- and two-bedroom units, 14 garages, and 39 parking spaces, highlighting strong demand for suburban rentals near Manhattan.

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