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Silk Loft Luxury MF in Bayonne Trades for $32.1 Million

AMS plans to add an additional 125 apartments to the Silk Lofts site and construct at least two new buildings on the parking lots that surround the property.

By Steve Lubetkin | Updated on January 19, 2018

Silk Lofts, 154 Avenue E, ,Bayonne, NJ

BAYONNE, NJ—AMS Acquisitions, a New York City-based real estate investment firm, has purchased the iconic Silk Lofts building in Bayonne, NJ, for $32.1 million, and plans to add more than one hundred new residential units to the luxury rental property.

AMS Acquisitions closed on the building on January 16^th. The building, at 154 Avenue E, is the site of a former Maidenform factory that was developed into a modern luxury residential loft building in 2009 by developer Doug Stern of Stern Capital and Leon Cohen of CSR Group.

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