PATERSON AND VICTORY GARDENS, NJ—The Kislak Company brokered the recent $21 million sale of five multifamily properties as part of an Internal Revenue Code Section 1031 like-kind exchange for a longtime client.
The transactions included the $7.461 million sale of a four-property multifamily portfolio with 85 units in Paterson, Passaic County; and the $13.7 million sale of Victory Hill East, a 124-unit multifamily property in Victory Gardens, Morris County.
Vice president Joseph Keenan represented the sellers of the Paterson portfolio pursuant to an exclusive listing and also procured the purchaser. He also represented the sellers of the Paterson portfolio in the purchase of Victory Hill East and the completion of an IRC Section 1031 exchange.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
