The Kislak Company, Inc Acquires Multifamily Property In Newark For $5.3M

Two multifamily properties located at 1 & 2 Noll Place and 532 Sanford Avenue in Newark have been sold for a total price of $5,300,000. The sale was facilitated by Michael Salomon, Don Baxter, and Michael Kossak of The Kislak Company, Inc. The transaction took place on March 16, 2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $5,300,000
• Number of Units: 45
• Price Per Unit: $117,778
• Address: 1 & 2 Noll Place, 532 Sanford Avenue
• Market: Newark

The two properties consist of a total of 44 residential units and 1 retail space. The transaction between the buyer and seller was represented by Michael Salomon, Don Baxter, and Michael Kossak from The Kislak Company, Inc.