14 — June 2026 — Northern New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N orthern N ew J ersey
ERGEN COUNTY, NJ — The Kislak Company, Inc. an- Andrew Scheinerman arranges exchange & portfolio sale of 116 units in Hackensack & Lodi Kislak completes $21 Million sale of Bergen County, NJ multifamily properties B
sellers, the Hackensack proper- ties exclusively, with senior VP Andrew Scheinerman han- dling the assignments, and he also procured the purchasers. The parties were not disclosed “River View Apartments commanded one of the highest prices per unit ever achieved for a vintage multifamily as- set in Lodi, underscoring the market’s appetite for quality apartment investments, said Scheinerman. “Royal Court and Windsor Apartments offered an exceptionally rare opportunity, having been owned by the same family for more than eight de- cades before the owners chose to capitalize on today’s strong investment market.” The seller of River View Apartments completed an I.R.C Section 1031 Exchange sale with the purchase of Royal Court Apartments, and that purchaser also purchased Windsor Apartments. River View Apartments is a two-story brick apart- ment building comprised of 28 updated units including two studio apartments, 14 one-bedroom/one-bath apart- ments, and 12 two-bedroom/ one-bath apartments. The property also includes onsite parking and featured a 20% to 25% increase in rent roll during ownership. Royal Court Apartments was offered for sale for the first time in more than 50 years. Constructed in 1937, the five- story, 37,400 s/f brick building is comprised of 59 residential units including nine junior one-bedroom apartments, 35 one-bedroom apartments, 12 large one-bedroom apartments with dining rooms, and three two-bedroom apartments with dining rooms. Windsor Apartments also traded for the first time in more than 50 years. Built in 1925, the four-story, 27,800 s/f brick build- ing consists of 29 residential units including four efficiency one-bedroom apartments, 12 one-bedroom apartments, 12 two-bedroom apartments with dining rooms, and one three- bedroom basement apartment. More than 90% of the units at Royal Court Apartments and Windsor Apartments had been upgraded through renovations while preserving the character of the pre-war buildings. Conveniently located near Rtes. 4, 17, and 80, the properties are situated in established resi- dential neighborhoods. MAREJ
nounced the recent sale of the following three multi- family prop- erties in Ber - gen County for a total of $20,725,000: • River View Apart-
Andrew Scheinerman
ments, a 28-unit property at 60 South Main Street io Lodi for $6,100,000; • Royal Court Apartments,
a 59-unit property at 5 Pang - born Place in Hackensack for $9,700,000; and
• Windsor Apartments, a 29-unit property at 70 An- derson St. in Hackensack for
$4,925,000. Kislak marketed all of the properties on behalf of the
EXCLUSIVE PROPERTIES FOR SALE
Roselle, NJ 35 Residential Units Joni Sweetwood ext 273
Brick, NJ 126 Residential Units Daniel Lanni ext 248
Paterson, NJ 50 Residential Units Joseph Keenan ext 256
New Brunswick, NJ 38,813± SF Retail Barry Waisbrod ext 272
Orange, NJ 21 Residential Units Julie Gralla ext 224
Bayonne, NJ 4 Units + 2 Retail Davis Briones ext 370 Robert Squires ext 287
The Kislak Company, Inc. | kislakrealty.com | 732 750 3000
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