Veerman Asset Management Acquires 35-Unit Multifamily Property In Bound Brook, NJ For $10.8M

A multifamily property located at 215 East 2nd Street in Bound Brook, NJ recently sold in a closed transaction. The property consists of 35 units with an average price per unit of $309,643. The total square footage of the property is 35,925, resulting in a price per square foot of $302. The sale price for the property was $10,837,500.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,837,500
• Number of Units: 35
• Price Per Unit: $309,643
• Total Square Footage: 35,925
• Price Per Square Foot: $302
• Market: Bound Brook, NJ

The sale of this multifamily property was facilitated by Manveer Sanghera from Veerman Asset Management. Manveer Sanghera acted as the broker representing the buyer or seller.