By Erika Schnitzer, Associate EditorWeehawken, N.J.–A Livingston, N.J.-based investment firm has bought a 21-unit apartment complex for $1.525 million. The Kislak Co. Inc., a Woodbridge, N.J.-based multifamily and retail investment sales firm, completed the sale. “The buyer, a long-term client of Kislak, is planning to conduct a capital improvement program to increase the long-term value of the property,” says Don Baxter, sales associate for The Kislak Co. Inc. This will include general renovations, including new bathrooms for the units.The property is comprised of one- and two-bedroom apartments. It was fully occupied at the time of the sale. Located at 24 50th St., the apartment complex is three blocks from Boulevard East, a major thoroughfare.John Greenberg, vice president, and Baxter represented both the buyer and the seller.
DEAL OF THE DAY: 21-Unit Weehawken Property Sold for $1.53M
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