The Kislak Co. brokers the sale of eight properties totaling $13.7 million

The Kislak Company, Inc. completed the sale of eight multifamily properties throughout northern N.J. The separate transactions include a total of 182 residential units valued at $13.7 million. Kislak's recent sales include small to mid-sized properties throughout Bergen, Essex, Hudson, Passaic, and Union Counties. * The $3.6 million sale of two apartment buildings with a total of 64 units on Glenwood Ave. and Washington St. in East Orange. Kislak VP Joni Sweetwood represented both parties. * The $2 million sale of a 27-unit apartment building on Morris Ave. in Elizabeth. Sweetwood and Kislak sales associate Scott Davidovic represented the seller and VP Jeffrey Squires represented the buyer. * The $1.8 million sale of a 12-unit apartment building on McBride Ave. in West Paterson. VP Robert Squires represented both parties. * The $1.6 million sale of a 14-unit apartment building on West Englewood Ave. in Englewood. VPs Don Baxter and Jonathan Greenberg represented both parties. * The $1.35 million sale of a 19-unit apartment building on Sayre St. in Elizabeth. Jeffrey Squires represented both parties. * The $1,300,000 sale of two apartment buildings with a total of 20 units on Broadway and Palisade Avenue in Union City. Don Baxter and Jonathan Greenberg represented both parties in the separate transactions. * The $1.05 million sale of a mixed-use property with 12 apartments and two retail spaces on Sixth Ave. in Clifton. Greenberg represented both parties. * The $1 million sale of a 14-unit apartment building on West Elizabeth Ave., Linden. Jeffrey Squires represented both parties. "Multifamily properties remain very attractive to investors," commented Jeffrey Wiener, president and co-managing director. "Demand far outweighs supply, especially in northern New Jersey, among both our long-time clients and investors new to the market. The multifamily real estate market continues to be the strongest commercial real estate market." "Multifamily properties provide a safe place to invest where owners can get a decent sheltered return, especially compared to the low returns presently offered by banks," added Robert Holland, senior vice president and co-managing director. "Despite the recent gains in the stock market, investors also remain cautious given its volatility in the last few years. Multifamily properties are generally safe long-term investments especially in our markets. In New Jersey, for example, vacancy rates remain relatively low, rents are among the highest in the nation and we are experiencing an increased demand for multifamily properties." The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is recognized as the dominant investment sales company serving the multifamily and retail markets. Established in 1906, Kislak's market leadership position and longevity is due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak's prestigious client base includes individual investors and owners, partnerships, financial institutions REITs. The firm's 25 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware. For more information on The Kislak Company, Inc., please contact Jason Pucci, COO, at (732) 750-3000 ext. 214 or [email protected], or visit www.kislakrealty.com.