Two Hackensack apartments were sold to a real estate developer for $11.5 million, NorthJersey.com reports .
Located at 265-275 Beech Street, the brick buildings were sold off-market by Prospect Avenue 1 LLC to Stonegate.
Each building has 37 one-bedroom units and 2 two bedroom units with on-site parking.
Renovations are expected, the article says.
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