WOODBRIDGE, NJ-The locally based Kislak Co., Inc. recently completed the sale of several multifamily properties throughout Northern New Jersey. The separate transactions include a total of 182 residential units valued at $13.7 million.

“Multifamily properties remain very attractive to investors,” says Jeffrey Wiener, president and co-managing director. “Demand far outweighs supply, especially in Northern New Jersey, among both our long-time clients and investors new to the market. The multifamily real estate market continues to be the strongest sector.”

The product type also provide a safe place to invest where owners can get a decent sheltered return, especially compared to the low returns presently offered by banks, Robert Holland, senior vice president and co-managing director, tells GlobeSt.com. “Despite the recent gains in the stock market, investors also remain cautious given its volatility in the last few years. Multifamily properties are generally safe long-term investments especially in our markets. In New Jersey, for example, vacancy rates remain relatively low, rents are among the highest in the nation and we are experiencing an increased demand for multifamily properties.”

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