The property asset involved in the transaction is a two-family home located at 45 East Palisades Boulevard in the Palisades Park market. The sale price for the asset was $1,150,000, and it features separate units comprising three bedrooms and bathrooms. Additional amenities include a basement family room, washer/dryer, and garage, reflecting its suitability as an investment opportunity near transportation and shopping amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,150,000
• Address: 45 East Palisades Boulevard
• Market: Palisades Park
• Broker: Chris Aufiero - Ridgeco Properties

Chris Aufiero of Ridgeco Properties acted as the broker for the sale of the property, facilitating the transaction. The sale involved distinct considerations including the separate living spaces and the property’s potential for rental income, demonstrating its appeal to investors in the real estate market.