CRANFORD AND ELIZABETH, NJ—In two separate transactions, The Kislak Company brokered two multifamily properties with a total of 126 residential units in Union County, New Jersey for $15.35 million. The separate transactions include the $8.85 million sale of Riverside Garden Apartments, a 46-unit complex in Cranford, and the $6.5 million sale of a two-building portfolio with 80 units in Elizabeth.
Kislak marketed the properties on an exclusive basis and senior vice president Jeff Squires represented all parties in the transactions. The names of buyers and sellers were not disclosed.
“The market for well-located and high performing multifamily properties remains very strong throughout New Jersey,” says Robert Holland, Kislak president. “As always, Jeff did an outstanding job bringing these properties to market. He generated a great deal of serious interest among many well-qualified investors and ultimately procured the best buyers who were eager to purchase these properties.”
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