WOOD RIDGE, NJ—High Hill, which built and has owned The Hilltopper, a 22-unit multifamily property located at 2-4 Hackensack Street in Wood Ridge, Bergen County, New Jersey for 40 years, has sold the property to KHQ Properties for $4.1 million.
The Kislak Company marketed the property on an exclusive basis for the seller, and Kislak vice president Andrew Scheinerman also procured the purchaser.
“The seller recognized after owning the property for 40 years that now was an ideal time to sell given rising rental prices in Bergen County and lending interest rates,” says Scheinerman. “With such high rents, the buyer recognized the hidden value still remaining in the units as increased income potential.”
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