Updated Oct 6, 2026
SOLDMultiFamily
Jason Pantzer & Jordan Pantzer Acquire Multifamily Community The Point Woodbridge For $79M
10 Green Street
$79,000,000
Units
232
Asset Type
MultiFamily
Closing
Oct 5, 2026
About this deal
AI
The transaction involved a multifamily property located at 10 Green Street in Woodbridge, NJ, which was acquired for a price of $79 million. The asset comprises 232 units with a price per unit of $340,517. The property includes 10,000 square feet of fully leased retail space and has been completed in 2021. It benefits from a 30-year PILOT tax incentive program.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $79,000,000
- Buyer: Jason Pantzer & Jordan Pantzer - Pantzer Properties
- Seller: Eugene Diaz & Edwin Cohen - Prism Capital Partners; Timothy J. Gerend - Northwestern Mutual
- Brokers: Jose Cruz, Michael Oliver, Steve Simonelli, Elizabeth DeVesty, Austin Pierce & CJ Anania - JLL
- Units: 232
- PPU: $340,517
The buyers, Jason Pantzer and Jordan Pantzer, represent Pantzer Properties, while the sellers Eugene Diaz and Edwin Cohen are affiliated with Prism Capital Partners, alongside Timothy J. Gerend from Northwestern Mutual. The deal was brokered by a team from JLL, featuring Jose Cruz, Michael Oliver, Steve Simonelli, Elizabeth DeVesty, Austin Pierce, and CJ Anania.
On the Map
$79,000,000
MultiFamily
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Players
Green 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93