Kislak sells Union County, NJ multifamily portfolio for $90 Million

Union County, NJ — The Kislak Company, Inc. announced the recent sale of a 10-property multifamily portfolio throughout Union County for a total of $90 million. The portfolio includes the following properties.

1. Sunrise Village Apartments, 145 Jerome St., Roselle Park – 275 units

2. 127-135 East Fifth Ave., Roselle – 48 units

3. Chilton Manor, 212 Westfield Ave., Elizabeth – 39 units

4. Cheryl Gardens, 408 Chestnut St., Roselle – 32 units

5. Riverside Apartments, 145 Dock St., Rahway – 30 units and 1 commercial space

6. 123 West First Ave., Roselle – 30 units

7. Astoria Manor, 854 West Grand St., Elizabeth – 24 units

8. Michael’s Manor, 143-147 East Fifth Ave., Roselle – 24 units

9. Briar Lane Apartments, 222 East Westfield Ave., Roselle Park – 23 units

10. White Rose Apartments, 214-216 East First Ave., Roselle – 14 units

Kislak’s managing director Jeff Squires arranged the off-market sale on behalf of the seller and longtime client, Landmark Companies of Keasbey, NJ and its principals. Squires also procured the purchaser, which was not disclosed. The sale is among the largest multifamily sales in New Jersey in 2025 according to data available from CoStar.

Landmark’s principals Michael Gottlieb and Eric Harvitt completed the transaction as part of their effort to reposition Landmark. The sale was part of an exchange of some noncore legacy properties into a more recently developed residential community in Raleigh, NC. They said, “We are making an effort to position our company for future success by diversifying geographically and improving the product type we own and manage. New Jersey will always be the center of our universe and we are excited about future development and acquisitions here, but we also feel it is healthy to have a presence in other markets as well.”

Squires said, “The sale of the portfolio represents an extraordinary value-add opportunity for the purchaser to acquire over 500 well-maintained units in some of the strongest rental markets throughout northern NJ. Most of the properties had been owned and managed by the original developer’s family across three generations.”

The portfolio includes a mix of studio apartments, one-bedroom units and two bedroom units in suburban garden apartment complexes throughout Union County, all with on-site parking and a variety of amenities. All of the properties are well located among an abundance of commercial offerings and convenient mass transit options to and from NYC and throughout northern and central NJ.