Kislak Sells Union County Multifamily Portfolio For $15M

The Kislak Company, Inc. has recently closed the sale of a multifamily portfolio in Union County, New Jersey. The portfolio includes a total of 120 units spread across multiple properties. One of the properties included in the portfolio is a 33-unit building located at 435 West End Avenue in Elizabeth. The sale price for the entire portfolio was $15,000,000, resulting in an average price per unit of $125,000.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $15,000,000
• Address: 435 West End Avenue, Elizabeth, Union County, New Jersey
• Market: Elizabeth & Hillside
• Units: 120
• Price per Unit: $125,000

Jeff Squires of Kislak represented the buyer and seller in this transaction, acting as their broker. The sale of this multifamily portfolio in Union County demonstrates the continued demand for properties in the area. The transaction involved a diverse mix of properties, offering investors a unique opportunity to acquire a large and varied multifamily portfolio in a sought-after location.