Updated Oct 12, 2026
Michael Streicker Of Sentinel Real Estate Acquires 423-Unit Multifamily Community In West Orange
1000 Executive Drive
Units
423
Asset Type
MultiFamily
Closing
Nov 3, 2025
About this deal
AI
The property involved in this transaction is a 423-unit multifamily community located at 1000 Executive Drive in West Orange, N.J. The asset, named Stonehill at West Orange, was built in 2024 and includes 44,000 square feet of amenities along with 816 parking spaces. It is situated near major highways and retail centers.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Buyer: Michael Streicker - Sentinel Real Estate
- Seller: Larry Pantirer - BNE Real Estate Group
This transaction marks Sentinel Real Estate's first property acquisition in New Jersey, emphasizing their expansion into new markets. BNE Real Estate Group, the developer, is noted for their work on this newly built luxury community.
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MultiFamily
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West Orange MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93