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Hay and KW Commercial completes sale of 64-68 Washington Avenue

Writer's picture: MAREJMAREJ

Warren County, NJ — Mark Hay of KW Commercial has completed the sale of the Midtown Apartments for $7.825 million. Located at 64-68 Washington Ave. in Washington Borough, the property consists of 70 mixed-use apartments with multiple storefronts.

Sold by the original developer, the complex provided a unique business opportunity for Hay and KW Commercial.

“Creating a relationship with the original developer who counted on me to sell one of the most significant projects of his career means a lot,” Hay said.

Hay is also familiar with the area and noted, “I live local to the Midtown Apartment complex and our KW franchise group has a significant local presence in the surrounding marketplace.” The local connection has made the transaction an ideal partnership to ensure everyone is taken care of. Hay prides himself on engaging in commercial real estate transactions that have a positive impact on their respective communities. “I’m grateful to have sourced and completed such a significant local apartment sale,” he said.

Hay has focused on commercial tenant representation, property listings, and investment sales services for his clients. His background also includes construction management experience, which he deems to be invaluable knowledge that he can utilize for his brokerage clients. Hay said, “We quickly identified a logical qualified buyer who now holds a valued relationship with KW Commercial”

Larry Eichler of Eichler Realty Company, who is the buyer of the Midtown Apartments was incredibly pleased and confident in Hay. “Mark provided us with a first look at a unique investment opportunity to purchase the property, which contains two buildings that were constructed in 2008 and 2014 in the center of town,” Eichler said.


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