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Sitar Realty sells Wall multifamily for $2.2M

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2538 Belmar Blvd., Wall Township.
2538 Belmar Blvd., Wall Township. - ()

Iselin-based Sitar Realty Co. announced on Monday the $2.2 million sale of a 27-unit apartment building in Wall Township.

Sitar Vice President Ronald Schrader Jr. and Senior Associate Robert Jan Tausch represented the seller, the developer and the unnamed buyer in the all-cash transaction.

The two-story building, formerly known as Colfax Senior Apartments, is deed-restricted for senior citizens and will be rebranded as Allaire Apartment Homes. 

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Elana Knopp

Elana Knopp

Elana Knopp covers all things real estate for NJBIZ. You can contact her at eknopp@njbiz.com.

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