According to 2022 data from CoStar cited by Kislak, which arranged the sale, the price represents the highest paid for a property in the sector in Somerset County last year.

The firm marketed the portfolio on an exclusive basis with Vice President Julie Gralla handling the assignment on behalf of the sellers.

The multifamily package covers multiple municipalities, five properties and nearly 550 units.

The deal for the 5,000-square-foot property marked the highest price-per-square-foot paid for a commercial property in the township since 2021.

The Kislak Co. Inc. announced the sale of the high-rise apartment building, which was originally built in 1927 as a banquet hall and hotel. Now, the 10-story building offers 48 units in addition to 26,000 square feet of retail space.

Located 45 minutes from Atlantic City and Philadelphia, the well-maintained property sold for above the asking price.

The Kislak Co. Inc. arranged the sale. Located within minutes of each other in quiet suburban areas, the properties boast a cumulative 68 units.

According to The Kislak Co. Inc., which arranged the transaction, the price is the highest ever for properties in the sector in Sussex County.

Take a closer look at how the industry performed on the NJBIZ 2022 privately held companies list, with insights into The Kislak Co.'s impressive 92% jump in revenue from CEO Jason Pucci.

The Kislak Co. Inc. arranged the sale of three contiguous buildings located within walking minutes of the PATH station and Washington Street.

The Kislak Co. Inc. arranged the transaction, which includes nearly 100 units offering oceanfront views.

The Kislak Co. Inc. announced the off-market sale for the three-property package, which changed hands for the first time in over 100 years.