KISLAK BROKERS SALE OF AFFORDABLE HOUSING INTEREST IN N.J.

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BERKELEY HEIGHTS, N.J. — Woodbridge, N.J.-based The Kislak Company has brokered the sale of the 14-unit affordable housing component of Villas on the Park, a residential condominium community located at 25-51 Springholm Drive in Berkeley Heights. The units include 12 two-bedroom residences and two three-bedroom residences, each of which include two parking spaces. At the time of closing, all units were occupied. They will remain affordable housing until 2026. The purchase price was $1.35 million. Jeffrey Squires of Kislak represented the seller, the original condominium developer. Jonathan Greenberg, also of Kislak, represented the buyer, a private investor.

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