66-Unit Portfolio in Hudson County Sells For Over $11 Million

1300 1304 Palisade Ave Union City
1300-1304 Palisade Ave, Union City. Image courtesy of The Kislak Company.

Sales along New Jersey’s Gold Coast have remained strong despite rising interest rates and a three-building multifamily portfolio that has changed hands is the latest example of the market’s resilience.

The Kislak Company recently announced that a trio of properties including 66 units in Union City, West New York, and Jersey City have sold for $11.1 million. The company marketed the properties on an exclusive basis with senior vice president Don Baxter handling the assignment on behalf of the sellers per a referral from Danny Handweiler, a senior managing director with Raven Property Advisors in New York City.

6112 6114 Palisade Ave West New York
6112-6114 Palisade Ave, West New York. Image courtesy of The Kislak Company.

The properties in the deal include the 44-unit 1300-1306 Palisade Avenue in Union City, a 16-unit building at 6112-6114 Palisade Avenue in West New York, and 128 St. Paul’s Avenue in Jersey City.

128 St Pauls Ave Jersey City
128 St. Paul’s Ave, Jersey City. Image courtesy of The Kislak Company.

The parties in the transaction were not disclosed by the Woodbridge-based company, which has a long history of facilitating deals in Hudson County. Kislak helped sell a new development in West New York for $5.2 million and closed the deal on a 197-unit development site in Bayonne earlier this year, a transaction that came in just under $10 million.


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