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Kislak announces 6M apartments sale
Three properties sold in prominent Bergen County location, illustrating demand in market, company says.The Kislak Co. Inc. announced it completed the sale of three apartment buildings comprising 42 residential units and one commercial space in Bergen County’s Westwood.
“The sale of these properties illustrates both the strength of multifamily investment properties in northern New Jersey  especially in A-plus locations  and the continued demand for multifamily properties,” said Kislak vice president Matt Weilheimer in a statement late Friday.
The transactions were unique in that the seller of all three properties was the original builder, and the properties had never before been available.
The sale included Hampton West Apartments, an 18-unit property with a medical office located at 153-161 3rd Ave.; Sutton Place Apartments, a 17-unit property at 57 Crest St.; and Hampton East Apartments, a seven-unit property located at 19 Crest St.
Hampton West sold for $2.9 million, while Sutton Place and Hampton East traded together for $3.1 million.
