WOODBRIDGE, NJ-The locally based Kislak Co. Inc. has brokered the sale of two New Jersey investment properties totaling $4.8 million. The sales include Brooklawn Court Apartments, a 54-unit multifamily property in Brooklawn that sold for $2.9 million and an 18,360-square-foot, multi-tenanted office building in Elizabeth that sold for $1.9 million.
In the Brooklawn transaction, senior vice president Joni Sweetwood represented both parties, longtime Kislak clients. The purchaser of Brooklawn Court was also the seller of the Elizabeth property. In that transaction, vice president Andrew Jonas represented the purchaser, a private investor.
“The market for multifamily properties remains extremely strong and demand for other types of investment properties is increasing,” Kislak president and co-managing director Jeffrey Wiener tells GlobeSt.com. “We have clients interested in both market deals such as these, along with distressed properties, several of which Sweetwood also recently sold.”
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