The communities in Irvington and South Orange total 55 units.

The firm marketed the 45-unit property on an exclusive basis, with Vice President Julie Gralla handling the assignment and procuring the buyer.

The buyer and seller were represented by Kislak and Garibaldi Group, respectively, in the sale of the five-building, 52,000-square-foot property.

The Woodbridge-based firm marketed the property on an exclusive basis and procured the purchaser, a longtime client marking their entrance in the area.

COO Jason Pucci announced the commitment, which honors the legacy of the late Jay Kislak — who first earned his real estate license as a high school student and served as chairman of the Kislak Organization until his death in 2018 when he was 96 — at the center's annual Leadership Excellence Award Dinner June 2.

The sales add up to 22 residential units and more than 17,000 square feet of commercial space.

Located in Middlesex and Somerset counties, the properties add up to more than 21,000 square feet.

According to The Kislak Co., the sale is the highest priced multifamily transaction ever for the city, and the highest priced in Union County since 2020. 

The sale of the three-property package exhibits demand for "value-add" apartment buildings in Essex County, according to Vice President Michael Kossak.

The deal marks the third in a series of sales The Kislak Co. Inc. Vice President Andrew Scheinerman has arranged recently, with The VUE trading hands in an off-market transaction for $36 million and Bella at Bergenfield going for $22.5 million.

The Kislak Co. Inc. announced the off-market transaction for the first new residential rental building to rise in the Bergen County municipality in 20 years.

“In the 12 years I have been selling investment real estate in Monmouth County, there has never been a better market," Senior Vice President Daniel Lanni commented. "Those who resisted selling in the past are now compelled given the incredible investor demand and continued cap rate compression.