(Read more on the multifamily market.)

NORTH BRUNSWICK, NJ-Northwood Estates, a 253-unit apartment complex, is up for sale, and the owner, the estate of Henry Rosenzweig, has given the exclusive sales agency to the Kislak Co. For the Woodbridge-based Kislak, sales associate Barry Waisbrod is heading the marketing assignment.

“Based on strong market demand in this rental market, we expect this property to attract bids in the $35-million range,” Waisbrod says. “This property includes a pool, two tennis courts and a basketball court. It has excellent upside potential.

Northwood Estates is situated on a 22-acre site at 500 Adams Lane, with access to Routes 1 and 130. The property consists of a combination of one- and two-bedroom apartments, townhomes and ranches.

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