UNION COUNTY, NJ-The Kislak Co. Inc. has completed twotransactions here totaling $1.5 million, including a 14-unitmultifamily property in Linden that sold for $1 million and abank-owned mixed-use retail and multifamily property in Hillsidethat sold for $460,000. Vice president Jeffrey Squires representedboth parties in the separate transactions.

“Kislak is experiencing increased demand for multifamilyproperties throughout New Jersey and we are also representing morenew investors in search of small to mid-sized properties,” saysRobert Holland, senior vice president and co-managing director atKislak. “With interest rates still very low and occupancy rateshigh, properties such as these are in demand.”

The Linden property is a garden apartment with separateentrances and parking situated across from the Linden trainstation, which provides easy access to New York City. “Kislak hadan exclusive listing to sell the property,” Squires tellsGlobeSt.com. “It had tremendous upside potential, which thepurchaser appreciated, given the neighborhood, full occupancy andunder-market rents. The purchaser will do very well with theproperty long-term, especially his given plans to renovate theapartments.”