REBusinessOnline

KISLAK BROKERS TWO MULTIFAMILY SALES TOTALING $6.06 MILLION

BAYONNE AND WEST NEW YORK, N.J. — Woodbridge, N.J.-based The Kislak Company has brokered the sale of two New Jersey multifamily properties. Jonathan Greenberg and Don Baxter of Kislak represented the sellers in both transactions. The first property is located at 548-554 Avenue C in Bayonne. It contains 42 residential units and 6 retail units, and was 95 percent occupied at the time of closing. The property traded at a price of $3.36 million. The second property is a 30-unit building located at 205 66th St. in West New York. Fully occupied at the time of closing, the property traded at a price of $2.7 million. The new owner plans to renovate the property in the near-term in an effort to increase rents. The parties in both transactions were undisclosed.

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