Led by vice president Robert Squires, Kislak handled the$2.25-million sale of Jefferson Gardens, a 16-unit apartmentproperty on Chestnut Street in Wallington; the $1.47-million saleof a 24-unit apartment property on Grove Street in Passaic; the$1.21-million sale of a 12-unit apartment property on PomptonAvenue in Verona; and the $775,000-sale of the Woodruff Building,an 8,333-square-foot mixed-used building on Irving Street inRahway. In each transaction Kislak was given an exclusive listingto sell each property and procured a purchaser.

Jefferson Gardens is a two-story brick garden apartment with 16one-bedroom apartments, all of which have separate entrances andindividual garages. Squires represented the seller and salesassociate Scott Davidovic represented the purchaser, both of whichare unnamed. Financing was provided, in part, by the seller, whowas represented by Robert A. Kaye, Esq. of Chasan Leyner &Lamparello of Secaucus, NJ; the purchaser was repped by the lawfirm of Gillespie Gillespie & Jablonski of Kearny, NJ.

"At over $140,000 per unit, the sale of Jefferson Gardensrepresents one of the highest per unit prices paid in BergenCounty," says Squires. "There continues to be a limited supply andstrong demand in the area, which is evident in this sale," addsDavidovic.