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KEC Properties' 222-Unit East Orange Multifamily Portfolio Sells for $19.6M

EAST ORANGE, NJ—The Kislak Co., which brokered the transaction, says it's the largest multifamily sale in East Orange since 2012.

By Steve Lubetkin | stevelubetkin | Updated on November 01, 2016

49 Prospect Street, East Orange, NJ 49 Prospect Street, East Orange, NJ

EAST ORANGE, NJ—A portfolio of five multifamily properties in East Orange, Essex County, NJ, traded for $19.6 million. The properties were previously owned by KEC Properties and an apparently related entity, according to Real Capital Analytics, a proprietary research database. Buyers’ names could not be determined immediately.

The Kislak Co., which brokered the transaction, says it’s the largest multifamily sale in East Orange since 2012 based on CoStar data.

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