10C — June 17 - July 21, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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O wners , D evelopers & M anagers
The team of Cooper and Halberstam, complete transaction on behalf of the parties Capital Realty Associates completes sale of 73- unit multifamily portfolio in Perth Amboy, NJ
ERTH AMBOY, NJ — Capital Realty As- sociates , a New Jersey- based commercial real estate brokerage firm specializing in multifamily property sales, recently completed the sale of a 73-unit multifamily portfolio in Perth Amboy. The portfolio that comprised seven buildings was sold by Lev Properties to a New York-based investor. The team of sales associates Ben Cooper and Solomon Halberstam , completed this transaction on behalf of the parties. The sale price was $11.95 million. P
193 Market Street
203 Market Street
315 Herbert Street
“We are pleased have closed this seven-building portfolio on behalf of our client,” said Ben- jamin Greenstein , president, Capital Realty. “At Capital Realty, we take great pride in procuring the most suitable real estate transactions for our clients, and strive to arrive at the best terms for all parties involved,” he added. The property addresses that comprised this portfolio sale include 193 and 203 Market Street; 315 Herbert Street; 390 State Street; 130 Pearl Place; 174 Pulaski Ave. and 459 Penn St. “Perth Amboy is a unique urban area rich with multi- family properties that are ideal for investors looking to gain a foothold in the region. Its close proximity to some of the state’s major highways and the wa - terfront make the city of Perth Amboy ideal for investors and residents alike,” added Cooper. Cooper and Halberstam have been very active in the mul - tifamily sales sector on New Jersey having also recently completed the sales of a 53-unit portfolio in Atlantic City and a 12-unit portfolio in Jersey City, respectively. Capital Realty Associates is a New Jersey-based commer- cial real estate brokerage firm specializing in the sale of multi- family properties. Capital Re - alty Associates conducts busi - ness throughout the state of NJ and provides expert brokerage services providing outstanding results for new and long-term clients. Capital Realty Associ - ates is a repeat recipient of the honorary Co-Star Power Broker Award in northern NJ. MAREJ This release ran previously in the May 20, 2022 issue of Central NJ. Capital Realty Associates served as sole broker. MAREJ takes full responsibility for the mistake.
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