WOODBRIDGE-- The Kislak Company Inc. has announced that it recently completed more than $62 million in sales representing 10 multifamily properties in New Jersey and eastern Pennsylvania.
In addition to smaller deals, deals closed by Kislak in recent weeks included the following:
- Wynnewood Greens Apartments (206 units) in Allentown, PA -- $12,075,000.
-211 Mountain Ave. (120 units) in Hackettstown, NJ-- $10,150,000.
-Country Club Apartments (120 units) in Dallas, PA -- $7,750,000.
-370 Central Avenue (106 units) in Orange, NJ -- $7,000,000.
-Quail Run Apartments (136 units) in Lancaster, PA -- $7,700,000.
-Grand Court Villas (63 units) in Trenton, NJ-- $6,150,000.
-Parsippany Ridge Apartments (30 units) in Morris Plains, NJ -- $4,250,000.
-900 South Avenue (12 units plus 7,000 square feet of retail) in Westfield, NJ -- $4,012,500.
-676-678 Scotland Road (32 units) in Orange, NJ-- $1,700,000.
-Brady Park Apartments (12 units) in Jefferson Township, NJ -- $1,275,000.
In spite of recent economic turmoil, Kislak is still "seeing a lot of first-time investors entering the market," said Jonathan Greenburg, vice president. "They are attracted by the fact that multifamily is a tangible asset. "
The Kislak Company
www.kislakrealty.com
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