Kislak Company Sells Multifamily Portfolio In Northern & Central NJ For $14.1M

The Multifamily property located at 206 Joan Warren Way in Northern & Central NJ has been sold. The sale, facilitated by broker Matt Weilheimer of Kislak Company, closed on 06/06/2022 for a total price of $14,145,000. The property consists of 121 units, resulting in a per unit price of $116,901.

Summary of Transaction Details:

• Property Type: Multifamily
• Sale Price: $14,145,000
• Number of Units: 121
• Price Per Unit: $116,901
• Broker: Matt Weilheimer - Kislak Company

Included in the portfolio sale are several properties:

Eagle View Apartments, located at 206 Joan Warren Way/402 Market Street in Monroe Township, Middlesex County, sold for $7,275,000. This property encompasses 48 units.

The Hills at Rockaway, situated on Parkview Lane in Rockaway, Morris County, consists of 30 condominium units operated as rentals. It was sold for $3,200,000.

The Preserve at Matawan, located at Sloan Court in Matawan, Monmouth County, includes 31 condominium units operated as rentals. It was sold for $2,370,000.

Don's Apartments at 660 South Orange Avenue in Livingston, Essex County, was also part of the sale. This property comprises 12 units and was sold for $1,300,000.