Kislak Acquires Multifamily Portfolio In North Arlington For $8.4M

A multifamily property portfolio in North Arlington has been sold for a total of $8,441,836. The portfolio consists of three properties located at 132-136 Ridge Road, 124-126 Ridge Road, and 3 Wesley Place. Ridgeview Apartments at 132-136 Ridge Road includes 37 residential units and four offices. Additionally, 124-126 Ridge Road features four residential units and three retail spaces, while 3 Wesley Place has two residential units.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $8,441,836
• Units: 50
• Price Per Square Foot: $168,837
• Brokers: Andrew Scheinerman, Scott Davidovic, and Michael Kossak - Kislak

The deal was facilitated by Andrew Scheinerman, Scott Davidovic, and Michael Kossak from Kislak. They represented the parties involved in the transaction, acting as brokers for the buyer and seller. The sale of this multifamily property portfolio in North Arlington highlights the expertise and effectiveness of the Kislak team.