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110-112 West Central Boulevard

Andrew Scheinerman Of Kislak Represents Sale Of Multifamily Package Deal In Palisades Park For $4.7M
SOLDMultiFamily

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:

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

Andrew Scheinerman

Kislak

Broker

$142.1M

vol

7 deals

Broker

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