CENTRAL NEW JERSEY— The Kislak Company, Inc. announced the recent sale of three properties in central New Jersey with 36 residential units and over 15,000 s/f of commercial space, for a total of $8.48 million.
The separate transactions include the $4.2 million sale of Rose Gardens, a 32-unit garden apartment complex in Long Branch, Monmouth County; the $3.3 million sale of a shopping center in Matawan, Monmouth County; and the $980,000 sale of a mixed-use property in Point P
BETHLEHEM, PA — The Kislak Company, Inc. announced the sale of Bethlehem Silk Mill, a luxury apartment building consisting of 61 units at 238 Goepp St. in Bethlehem, for $7.05 million.
Kislak marketed the property on an exclusive basis with president Robert Holland and vice president Justin Lupo handling the assignment. Vice president Matt Wolf represented the purchaser. Holland commented, “This is the second time Kislak sold this property. The seller benefited from the ren
HARRISBURG, PA — The Kislak Company, Inc. announced the recent $50 million off-market sale of a multifamily portfolio in Harrisburg with 825 residential units along with eight commercial spaces and four cell phone towers.
The portfolio includes the following properties, all of which are located in close proximity to one another in Pennsylvania’s capital:
- River Plaza with 269 units and two commercial spaces at 2311 North Front St.;
- Riverfront Park with 216 units at 260
Tell us how and when you began your career in the profession you are in:
I fell into commercial real estate brokerage. I had been handling REO (real estate owned) by Midlantic Bank (now PNC) when I was approached by the then president of Kislak. At first I didn’t like the business. However, over time it became an excellent choice for me.
Why did you choose the field/profession you are in today?
I didn’t choose brokerage. I fell into it. However I enjoy it so much that it’s
SUSSEX, NJ — The Kislak Company, Inc. announced the recent sale of The Creamery, a mixed use property with 20 residential units and five commercial spaces at 16 Walling Avenue, Sussex, for $2.25 million.
Kislak marketed the property and vice president Joseph Keenan represented both the purchaser, F.M.F. Investments LLC and seller, Creamery Apartments LLC, in the sale of the former creamery. Both parties are longtime Kislak clients.
The seller bought the property in a distre
MONTCLAIR, NJ — The Kislak Company, Inc. announced the recent sale of 70 residential units at 31-49 North Fullerton Ave. and 36 Forest Ave. in Montclair, New Jersey for $17.25 million.
Kislak marketed the properties on an exclusive basis with vice president Joseph Keenan representing both the purchaser and seller, Oak Tree Capital, LLC and Falad Properties, LLC, respectively. The seller, a longstanding client with whom Kislak has completed numerous transactions over the yea
JAMESBURG, NJ — The Kislak Company, Inc. announced the recent $5.2 million sale of Colletti Terrace Apartments, a 44-unit multifamily property located at 192 Docks Corner Rd. in Jamesburg, Monroe Township.
Vice president Daniel Lanni arranged the off-market sale and represented both parties. The seller was Colletti Terrace, LLC, which owned the property since 2007, and the purchaser was a private investor.
Lanni commented: “The owners knew I had just sold 68 units in James
What is your greatest professional accomplishment?
Breaking the gross commission record in Kislak’s 112-year history. What is your most notable project, deal or transaction?
Brokering five large residential portfolio in 2017 valued at over $90M. How do you contribute to your company and / or the industry?
We do a lot of co-brokering in the office. I help by going on meetings with some of the newer salespeople and help put deals together and help bring to a closing. Who o
HOWELL, NJ — The Kislak Company, Inc. announced the $4.43 million off-market sale of the Quail Creek Shopping Center, a 52,000 s/f mixed shopping center with office space located at Ramtown-Greenville Rd. and Newton’s Corner Rd. in Howell, Monmouth County.
Sales associate Justin Lupo represented the seller, Parker Partners LLC, and senior vice president Matt Weilheimer, represented the purchaser, 630 Grove Street LLC.
Commenting on the current market trend and on the inte
LINDENWOLD, NJ — The Kislak Company, Inc. announced the $27.38 million sale of Stonington Court Apartments, a 456-unit apartment complex located at 1800 Laurel Rd., Lindenwold.
Senior vice presidents Matt Weilheimer and Barry Waisbrod arranged the sale on behalf of the seller and purchaser. The seller was Coolidge Stonington Court LLC, an affiliate of a longtime client for whom Kislak successfully arranged transactions in excess of $100 million in the last 12 years. The pur
NEWARK, NJ — The Kislak Company, Inc. announced the recent $4.25 million sale of the Ironbound Medical Center, a 37,500 s/f medical office building located at 119-137 Clifford St. in the heart of the Ironbound section of Newark.
Kislak marketed the property on an exclusive basis. Sales associate Michael Salomon represented the seller, Ironbound Medical, LLC, and sales associate Julie Gralla represented the purchaser, FSG Mazel, LLC.
The fully-occupied professional medical b
ROSELLE, NJ — The Kislak Company, Inc. announced the $5.3 million sale of a 35-unit apartment building at 533 East 2nd Avenue in Roselle.
Senior vice president, Joni Sweetwood, represented the seller, Teleflora Realty Group, LLC -- a long-time Kislak client – as well as the buyer, Goldcrest Properties, a new client.
Sweetwood commented: “Buyers are attracted to new construction and gut-renovated properties when there is a PILOT program in place, and this property had a 30-y
HAMILTON TWP., NJ — The Kislak Company, Inc. announced the sale of Montage at Hamilton, a recently-constructed luxury active adult community in Hamilton Township, Mercer County for $48.155 million. Kislak marketed the property on behalf of Sharbell Hamilton, Inc., an affiliate of Sharbell Development Corporation. Sales associate Justin Lupo represented the seller and chief operating officer Jason Pucci and senior vice president Jeffrey Wiener together represented the purchase
HOBOKEN, NJ — The Kislak Company, Inc. announced the $6.565 million sale of a 14,000 s/f commercial condominium located at 222 Washington St. in Hoboken. Kislak marketed the portfolio on an exclusive basis. Senior vice president Scott Davidovic represented the seller and procured the purchaser, a longtime client with significant holdings in Hoboken and elsewhere in Hudson County. The transaction was all cash and the purchaser completed an I.R.C. Section 1031 Exchange with the
Jamesburg, NJ — The Kislak Company, Inc. announced the $8.5 million sale of Tall Tree Apartments, a 68-unit multifamily property located at 175 Buckelew Ave. in Jamesburg.Vice president Daniel Lanni represented the seller and purchaser in the first sale of this property in over 30 years at an aggressive 4.5% cap rate. Recently, Kislak also sold a combined 120 units to the purchaser.Highlighting Kislak’s relationship to the seller and the high demand for multifamily properties
Irvington, NJ — The Kislak Company, Inc. announced the recent sale of a seven-building portfolio in Irvington with 184 residential units, six stores and one income-producing antenna for $17.8 million. The properties are located at 2-10 Wagner Pl.; 38-40 Chester Ave.; 979-983 Clinton Ave.; 494 Stuyvesant Ave.; 780-86 Lyons Ave.; 51 Linden Ave.; and 26-28 Chester Ave.Senior vice president Joni Sweetwood represented the seller and procured the purchaser. The sale marked both par
Irvington, NJ — The Kislak Company, Inc. announced the recent sale of a seven-building portfolio in Irvington with 184 residential units, six stores and one income-producing antenna for $17.8 million.
The properties are located at 2-10 Wagner Pl.; 38-40 Chester Ave.; 979-983 Clinton Ave.; 494 Stuyvesant Ave.; 780-86 Lyons Ave.; 51 Linden Ave.; and 26-28 Chester Ave.
Senior vice president Joni Sweetwood represented the seller and procured the purchaser. The sale marked both
Woodbridge, NJ — The Kislak Company, Inc. announced the recent sale in East Orange, Essex County of the following multifamily properties on an exclusive basis: 72 units in a portfolio of four buildings at 30 Beech St., 46 South Arlington Ave., 356 William St. and 6 Glenwood Ave. for $7,400,000; 47 units in two buildings at 139 Halsted St. and 116-118 South Grove St. for $2,450,000; and another 21 units at 67 Lenox Ave. for $1,900,000.
Sales associate Julie Gralla represented
Point Pleasant, NJ — The Kislak Company, Inc. announced the $3 million sale of Village Apartments, 10 residential units at 1005 Trenton Avenue in Point Pleasant, Ocean County.
Highlighting the uniqueness of the transaction, vice president Daniel Lanni remarked, “We represented the original builder of Village Apartments on an exclusive basis and achieved a record price per unit for Ocean County from a 1031 exchange buyer. The sale price equated to a 4.5% cap rate with upside
WOODBRIDGE, NJ — The Kislak Company, Inc. announced the recent sale of three properties in southern New Jersey with a total of 313 residential units and 50,400 s/f of retail space for $23.05 million. The separate transactions include the $12.15 million off-market sale of Laura’s Glen Apartments, a 197-unit apartment complex in Pennsville, Salem County; the $6.75 million sale of Penn Garden Apartments, a 116-unit apartment complex in Pennsauken, Camden County; and the $4.15 mi