Kyle Mathis Sells 17-Unit Multifamily Property In Kearny For $4 Million With Marcus & Millichap

Helena Arms is a 17-unit multifamily property located at 255 Schuyler Avenue in Kearny, NJ. The asset, which spans 15,000 square feet, was sold for $4,000,000, resulting in a price per unit of $235,294 and a price per square foot of $267.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Seller: Kyle Mathis
• Units: 17
• Square Footage: 15,000
• Price per Unit: $235,294
• Price per Square Foot: $267
• Brokers: Devin Perez, Alan Cafiero, and Dean Matuszewicz - Marcus & Millichap
• Mortgage Broker: Mark Litwack - Marcus & Millichap Capital Corporation
• Acquisition Financing: $2.8 million

Devin Perez, Alan Cafiero, and Dean Matuszewicz represented the seller, Kyle Mathis, while also procuring the buyer for the transaction. Mark Litwack arranged the financing through Marcus & Millichap Capital Corporation.