Kislak Company Sells 10-Building Multifamily Portfolio In Elizabeth, NJ For $50M

A 10-building portfolio in Elizabeth, known as the Elmora section, has been sold for a staggering price of $50,000,000. The portfolio consists of 324 units, resulting in a price per unit (PPU) of $154,321. This multifamily property deal was facilitated by Joni Sweetwood of the Kislak Company.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Units: 324
• Price per Unit (PPU): $154,321

Under the representation of Joni Sweetwood from the Kislak Company, this 10-building portfolio located in the coveted Elmora section encompasses several addresses. The properties included in the deal are: 327-333 Elmora Avenue with 47 units, 750-758 Jersey Avenue with 45 units, 708-722 Westfield Avenue with 41 units, 824-836 Jersey Avenue with 40 units, 346-352 Elmora Avenue with 30 units, 1254-1258 Waverly Place with 29 units, 137-141 West Jersey Street with 28 units, 845-851 Jersey Avenue with 23 units, 437-443 Elmora Avenue with 23 units, and 24-30 Stiles Street with 18 units.