Kislak Sells Three Multifamily Properties In Bergen County For $20.725M

This transaction involved the sale of three multifamily properties in Bergen County. The properties included River View Apartments, which comprises 28 units located at 60 South Main Street in Lodi, sold for $6,100,000; Royal Court Apartments, a 59-unit property at 5 Pangborn Place in Hackensack, sold for $9,700,000; and Windsor Apartments, a 29-unit property at 70 Anderson Street in Hackensack, sold for $4,925,000. The total sales amount for the three properties was $20,725,000, with a price per unit of $178,664 across the portfolio.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,725,000
• Units: 116
• Address: 60 South Main Street, 5 Pangborn Place & 70 Anderson Street
• Market: Lodi & Hackensack

Andrew Scheinerman of Kislak represented the seller in this transaction. The Kislak Company, Inc. announced this successful sale, marking a significant event in the multifamily market within Bergen County.