On Broadway in Woodcliff Lake, there isn’t much that signals a big real-estate deal just happened.
No cranes. No banners. No new construction noise.
But one of the newer apartment buildings in town quietly changed hands for almost $9 million.
The property at 62 Broadway—a three-story building completed in 2019—was recently sold by Kislak Co. for $8.765 million. It includes 14 luxury apartments above a small stretch of ground-floor retail. The buyer and seller weren’t disclosed publicly, but the deal drew interest from local private investors, according to people involved in the sale.
The building isn’t large, and that’s part of the appeal.
It sits a short walk from the Woodcliff Lake train station on the Pascack Valley Line, with service into New York Penn Station. For renters who want space without giving up access to the city, that still matters—especially in a part of Bergen County where new apartment construction is limited.
Inside, the setup is straightforward and modern. There’s a private lobby with elevator service. The apartments have updated kitchens and bathrooms, in-unit laundry, and assigned parking. It’s designed for tenants who plan to stay longer than a lease cycle or two, not for quick turnover.
The seller had picked up the building as part of a larger portfolio and ultimately decided to sell because the property sat outside his core holdings. That decision came less than a year after he acquired it—another reminder of how quickly smaller, newer buildings can move when the location works.
Deals like this don’t always make headlines, but they say a lot about where the North Jersey rental market still holds its value.
Large multifamily projects have slowed. Financing is tighter. Construction costs remain high. Yet smaller, transit-adjacent buildings—especially ones built within the last decade—continue to attract buyers willing to pay a premium.
In Woodcliff Lake, opportunities like this are rare. There simply aren’t many modern apartment buildings within walking distance of the train, let alone ones with retail already in place.
Nothing about the building screams luxury from the street. But the price does.
The New Jersey Digest is a new jersey magazine that has chronicled daily life in the Garden State for over 10 years.