Updated Sep 1, 2026
Roselle Grande LLC Sells 119-unit Multifamily Property In Roselle Park, New Jersey With SAGE Investment Real Estate Advisors
220 West Sumner Avenue & 250 West Sumner Avenue
Units
119
Asset Type
MultiFamily
Closing
Jul 22, 2026
About this deal
AI
The property involved in this transaction is a 119-unit garden-style apartment community located at 220-250 West Sumner Avenue in Roselle Park, New Jersey. The transaction was conducted for an undisclosed price, and the asset type is classified as multifamily.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Undisclosed
- Address: 220-250 West Sumner Avenue
- Market: Roselle Park, NJ
- Units: 119
- Seller: Roselle Grande LLC
- Brokerage: SAGE Investment Real Estate Advisors
- Brokers: Steve Tragash, Greg Pine, Eli Herskowitz & Katie Migner
The brokerage team, SAGE Investment Real Estate Advisors, represented the seller, Roselle Grande LLC, and facilitated the procurement of the buyer. They also successfully resolved a permit issue during the due diligence process, which enabled the transaction to close.
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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