The Kislak Company Brokers $5.5M Sale Of Multifamily Property In Northern NJ

The recently closed transaction in Northern NJ involved a multifamily property located at 347 Park Ave. The sale was facilitated by Don Baxter from The Kislak Company. The property was sold for a total price of $5,545,000. It consists of 22 residential units, with an average price per unit of $252,045. The property spans approximately 17,000 square feet, resulting in a price per square foot of $326.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,545,000
• Address: 347 Park Ave
• Market: Northern NJ
• Broker: Don Baxter - The Kislak Company

Notably, the properties involved in this transaction are located in Essex, Hudson, and Sussex counties. Along with the multifamily property at 347 Park Ave, there are other properties included in the deal. These include a mixed-use multifamily and retail property at 7300 Broadway in North Bergen, an 8,360-square-foot retail property known as Spring Plaza, a five-unit multifamily property at 174 Highwood Avenue in Weehawken, and a six-unit multifamily property at 136 East 9th Street in Passaic.

Please note that the provided information represents the completed transaction and no additional details are available at this time.