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$6.6M NJ Apartment Complex Changes Hands For First Time In Decades
A 36-unit apartment complex in North Jersey has sold for $6.6 million.
The property, Stephanie Gardens, located at 72 3rd Avenue in Garwood, was marketed exclusively by Kislak with President Robert Holland and Managing Director Jeff Squires representing the longtime owner, Garwood Associates, LP. The buyer, Garwood Gardens, LLC, was also procured by The Kislak Company, Inc., the firm said.
Built in 1973, Stephanie Gardens is a three-story brick garden complex with 32 one-bedroom and four two-bedroom apartments, according to Kislak. Interiors feature carpeted floors, individual AC units, and…