The separate transactions include:

Two buildings with 39 apartments in Weehawken for $5.5 million. Baxter represented both parties. These buildings are two of the few remaining area buildings not converted to condominiums. At the time of closing, the properties were fully occupied.
A 41-unit apartment building in Jersey City for $3.89 million. Baxter represented both parties. The purchaser intends to renovate the units and raise rents. At the time of closing, the property was fully occupied.
Two buildings with 25 apartments in Fairview for $2.91 million. Sales associate Andrew Scheinerman represented the seller and Baxter represented the purchaser. The transaction was part of a Section 1031 like-kind exchange. At the time of closing the properties were fully occupied.
A 31-unit apartment building in East Orange for $2.18 million. Senior vice president Joni Sweetwood represented the seller and Baxter represented the purchaser. The property is currently 80-percent renovated. The purchaser will continue renovating the units and the property's exterior. At the time of closing, the property was fully occupied.
A mixed-use building with 13 apartments and two stores in Harrison for $1.975 million. Vice president Scott Davidovic represented the seller and Baxter represented the purchaser. The property is located near the Red Bull Arena. At the time of closing, the property had one residential vacancy.
A mixed-use building with 13 apartments and four offices in Oradell for $1,947,500. Vice president Robert Squires represented the seller and Baxter represented the purchaser. At the time of closing the property was fully occupied.
A mixed-use building with nine apartments and three stores in Jersey City for $1.625 million. Baxter represented both parties. The property is centrally located, one block from the Journal Square PATH train stop. At the time of closing, the property had one vacant retail unit.
A 12-unit apartment building in Leonia for $1.22 million. Davidovic represented the seller and Scheinerman and Baxter together represented the purchaser. The property is in a prime location with easy access to major highways and the George Washington Bridge. At the time of closing, the property was fully occupied.
A 17-unit apartment building in Jersey City for $1.16 million. Baxter represented both parties. At the time of closing, the property was fully occupied.
An 8-unit apartment building in Jersey City for $610,000. Baxter represented both parties. The recently renovated property is located one block from Journal Square.

"Throughout 2014 and into 2015, low interest rates and strong tenant demand continue to enable both buyers and sellers to capitalize financially," says Baxter. "All of these properties had little or no vacancy. Any vacancies in these areas are a bonus for the owners as they provide them with the opportunity to renovate apartments and raise rents."

Instant Insights /

Kislak's Baxter Books $23 Million In North Jersey Investment Sales

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