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Kislak Completes $9M Elizabeth Multifamily Sales

ELIZABETH, NJ-The company's SVP Joni Sweetwood and VP Jeffrey Squires lead the sale of 142 units, GlobeSt.com has learned exclusively.

By Debra Hazel | Updated on September 16, 2011

ELIZABETH, NJ-Four multifamily sales for nearly $9.2 million recently completed here by The Kislak Company attest to the strength of both the sector and the market, the firm’s executives tell GlobeSt.com exclusively.

The deals consist of: a 46-unit property on North Broad Street was sold for $2.45 million; Westfield Pines, a 41-unit property on Westfield Avenue that sold for $2,955,000; a 40-unit property on Jersey Avenue that sold for $2,825,000, and a 16-unit property on Westminster Avenue that sold for $950,000. All will provide about above a 7% return, according to Kislak.

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