Sitar Realty Brokers $2.2M Sale of Apartment Building for Seniors in New Jersey

by David Cohen

WALL TOWNSHIP, N.J. — Sitar Realty Co. has brokered the $2.2 million sale of 2538 Belmar Boulevard, a 27-unit apartment building designated for seniors in Wall Township. Robert JanTausch and Ronald Schrader Jr. of Sitar represented the seller, the original developer, in the all-cash transaction. They also represented the undisclosed buyer. The two-story building was built in 1992 and is currently deed restricted for senior citizens. The property is being rebranded as Allaire Apartment Homes after interior renovations are completed.

You may also like