Capital Realty inks sale of 73-unit multifamily portfolio in Perth Amboy for nearly $12M

Capital Realty Associates on Tuesday said it recently completed the sale of a 73-unit multifamily portfolio in Perth Amboy for $11.95 million. The portfolio, which is comprised of seven buildings, was sold by Lev Properties to a New York-based investor.

Sales associates Ben Cooper and Solomon Halberstam completed this transaction on behalf of the parties.

“We are pleased have closed this seven-building portfolio on behalf of our client,” Benjamin Greenstein, president, Capital Realty, said. “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.”

The property addresses that comprised this portfolio sale include 193 and 203 Market St.; 315 Herbert St.; 390 State St.; 130 Pearl Place; 174 Pulaski Ave. and 459 Penn St.

“Perth Amboy is a unique urban area rich with multifamily 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 waterfront make the city of Perth Amboy ideal for investors and residents alike,” Cooper added.