SOUTH ORANGE, NJ —The Kislak Company, Inc. announced the recent $32.775 million sale of The Gateway, a new highly-acclaimed transit-oriented development with 57 luxury apartments and 9,000 s/f of class A retail space in downtown South Orange, Essex County. The property is located immediately west of the South Orange train station at 9 West South Orange Ave., approximately 18 miles from Manhattan. Completed in 2014, the property includes nine one-bedroom apartments, 48 two-bed
Red Bank, NJ — The Kislak Company, Inc. announced the recent sale of a new 45-unit luxury apartment building in downtown Red Bank, Monmouth County for $17.75 million.
Vice president Daniel Lanni represented both parties in the transaction.
“The market for multifamily properties remains extremely strong throughout New Jersey, particularly for new construction in walkable downtowns,” said Robert Holland, president. “Red Bank is among the most desirable municipalities in cen
HUDSON COUNTY, NJ — Hudson County’s multi-family properties are primed for rent growth and property appreciation that continues to outpace Northern New Jersey’s six other apartment submarkets, according to Nicholas Nicolaou, senior vice president at Gebroe-Hammer Associates. The Hudson County market specialist, who recently arranged three separate trades totaling 148 units sold for $19.3 million in Union City and Jersey City, links optimal property performance and area gentri
PHILADELPHIA, PA — The Kislak Company, Inc. announced the recent sale of the Independence Press Building, a vacant 156,000 s/f building located at 525 North 11th St. in Philadelphia, Pennsylvania. Senior vice president Matt Weilheimer represented the seller and sales associate Anthony Palmiotto represented the purchaser.
The former factory is fully-approved for 92 loft-style residential units with parking. It is located in the rapidly changing “loft-district” neighborhood th
WOODBRIDGE, NJ — The Kislak Company, Inc. announced the recent sale of two multifamily properties in Monmouth County for a total of $10.8 million. The separate transactions include the $7.7 million sale of West End Gardens, a 56-unit garden apartment community in Long Branch and the $3.1 million sale of Parkview Terrace, a 26-unit high rise in Asbury Park. Kislak marketed all of the properties and vice president Daniel Lanni represented all parties in the transactions.
TOMS RIVER, NJ — The Kislak Company Inc. announced the recent $35.2 million sale of Jamestowne Village Apartments in Toms River, Ocean County. Senior vice president Matt Weilheimer represented the seller, co-managing director Jeffrey Wiener and vice president Jonathan Greenberg together represented the purchaser, JP Management, and chief operating officer Jason Pucci provided transaction management and support.
The property includes 282 one- and 56 two-bedroom units in 24 tw
NORTHERN, NJ — The Kislak Company, Inc. announced seven recent investment and commercial sales throughout northern New Jersey totaling $18.625m. Vice president Scott Davidovic represented or co-represented the seller in all of the transactions, which include the $7.1m sale of 1.033 acres of land in Hoboken; the $4m sale of 0.34 of an acre of land in Hoboken; the $3.9m sale of a 55-unit multifamily property in Elizabeth; the $1.3m sale of a 26-unit multifamily property in Irvi