ORANGE, NJ—Kislak Company senior vice president Joni Sweetwood is on another hot streak, representing the sellers in transactions involving ten multifamily properties totaling more than $18 million, underscoring strong performance and growth in the multifamily sector in Northern New Jersey.
The transactions include:
- The $10 million sale of 126 units in Orange to a West Coast purchaser. This was a complicated sale given the remote purchaser and it was for the balance of a portfolio previously encumbered by a defeasance loan. Before closing, the real estate taxes on the property rose significantly. Sweetwood was able to resolve the issues because of her strong existing relationship with both the purchaser and seller.
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