The Bascom Group

Spirit Bascom Ventures Acquires Second Hoboken, NJ Multifamily Property for $15.5 Million

HOBOKEN, N.J.Jan. 21, 2019 /PRNewswire/ — Spirit Bascom Ventures, LLC (“Spirit Bascom”) a partnership between Stamford, CT based Spirit Investment Partners, LLC (“Spirit”) and Irvine, California based The Bascom Group, LLC (“Bascom”) has acquired a 30-unit apartment building at 204 Grand Street in Hoboken, New Jersey. The $15,500,000acquisition closed on January 15, 2019. This transaction marks the second building acquired by the partnership in Hoboken during the last six months after having acquired 1024 Clinton Street in July 2018Nat Gambuzza and Manny Sanghera of CBRE represented the seller. Jamie Leachman of HFF arranged the acquisition financing with Citizens Bank.

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