Updated Aug 21, 2026
Sinai Grossman Acquires MultiFamily Property At 196 Lembeck Ave Jersey City For $1M From Rocco Tracy
196 Lembeck Ave
$1,000,000
$179/SF
Building Size
5,580 SF
Asset Type
MultiFamily
Closing
Mar 5, 2020
About this deal
AI
This multi-family property located at 196 Lembeck Ave in Jersey City has a total square footage of 5,580. The transaction was completed for a price of $1,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,000,000.00
- Address: 196 Lembeck Ave
- Market: Jersey City
- Broker: Steven Matovski (Redwood Realty Advisors)
- Buyer: Sinai Grossman
- Seller: Rocco Tracy
This transaction was facilitated by Steven Matovski of Redwood Realty Advisors, representing the seller, Rocco Tracy. Sinai Grossman, acting as the buyer, successfully closed the deal involving this multi-family asset.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Steven Matovski to view all their deals.
Browse Jersey City multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93