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Capital Realty arranges $130M Hudson County transaction

By ,
130 W. 47th St., Bayonne.
130 W. 47th St., Bayonne. - ()

Capital Realty Associates has arranged the $130 million sale of 66 multifamily buildings in Bayonne and Union City.

Company President Benjamin Greenstein represented the seller and procured the private-investor buyer in the deal that amounts to 919 apartment units.

“The buyer was definitely drawn to the rent decontrol laws recently enacted in Bayonne and the low vacancy rates in Union City,” Greenstein said in a release.

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Jessica Perry

Jessica Perry

Jessica is the Web Editor for NJBIZ. You can reach her at jperry@njbiz.com.

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