Andrew Scheinerman Of Kislak Represents Sale Of Multifamily Package Deal In Palisades Park For $4.7M
110-112 West Central Boulevard & 71 East Palisades Boulevard
$4,700,000
$94/SF
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
Jun 30, 2026
AI
The property asset involved in this transaction is a multifamily/package deal located at 110-112 West Central Boulevard & 71 East Palisades Boulevard in Palisades Park. The sale price for this asset was $4,700,000, and it comprises 33 units, resulting in a price per unit of $142,424.
Summary of transaction details:
- Property Type: Multifamily/Package Deal
- Transaction Amount: $4,700,000
- Units: 33
- Price Per Unit: $142,424
- Broker: Andrew Scheinerman - Kislak
- Date of Sale: 06/30/2026
This transaction was facilitated by Andrew Scheinerman, who represents the interests of the involved parties through Kislak. The deal closed on June 30, 2026, consolidating multiple units into one package transaction within a notable market segment.
Players
Palisades Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93