Kislak Negotiates $9.7M Sale of Apartment Building in Hackensack, New Jersey
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
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On the RET wire
- Disclosed multifamily deal value tracked in August 2026: $11.7B across 138 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
HACKENSACK, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $9.7 million sale of Royal Court, a 59-unit apartment building located at 5 Pangborn Place in Hackensack. According to Apartments.…
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