Managing Director Matt Weilheimer Leads Sale of 51 Affordable Apartments & 8,100 S.F. Retail Property in Prime Essex County Locations
Woodbridge, N.J., September 19, 2025 – The Kislak Company, Inc. announced the recent sale of two investment properties in Livingston, Essex County, New Jersey. The sales included Peachtree Apartments at 1101 Jubilee Court for $4,500,000 and a retail center at 25 West Northfield Avenue, for $2,065,000.
Kislak marketed Peachtree Apartments on an exclusive basis with managing director Matt Weilheimer and senior vice president Tom Scatuorchio handling the assignment on behalf of the Joseph Kushner Hebrew Academy. They also procured the purchaser, which was not disclosed.
Completed in 2022, Peachtree Apartment is a three-building, 100% affordable housing complex with 51 units. It offers one-, two- and three-bedroom apartments to income qualified applicants. The property includes many amenities and is conveniently located just off of South Orange Avenue, which provides easy car and bus access to key points of interest and employment centers throughout the area.
Mr. Weilheimer commented on the sale, “We are excited to announce the sale of Peachtree Apartments, a meticulously built project in a tier 1 municipality where the future is bright for new ownership.”
The sale of Peachtree Apartments marks Mr. Weilheimer’s second sale of an affordable housing complex in Livington. He previously sold Don’s Apartments with 12 units at 660 South Orange Avenue for $1,300,000. In total, Mr. Weilheimer has sold seven affordable housing properties in New Jersey since 2021 with approximately 225 units.
Kislak also represented the purchaser in the sale of 25 West Northfield Avenue with Mr. Weilheimer and senior vice president Scott Davidovic handling the assignment. Built in 1954, the property is an 8,100-square-foot single story retail strip center with a mix of long-term tenants and frontage on heavily trafficked West Northfield Avenue. The well-maintained center includes on-site parking in the rear of the property.
Livingston is a township in western Essex County in northern New Jersey approximately 38 miles from New York City. As of the 2020 United States census, the township’s population was 31,330, its highest decennial count ever and an increase of 6.7% from the 2010 census. It is consistently recognized as a best place to live in New Jersey given its strong public schools and safe and family-friendly environment.
Matt Weilheimer joined Kislak in 1996 and is consistently among the firm’s leading salespeople. He specializes in the sale of apartment buildings, REO assets and other investment properties in New Jersey and its surrounding states. Mr. Weilheimer has won numerous sales awards at Kislak including the firm’s 2010 and 2015 Producer of the Year awards. His recent transactions included more than a dozen multifamily and other investment sales in New Jersey, New York, and Pennsylvania for more than $50 million, and he is a licensed real estate salesperson in those three states.
Tom Scatuorchio joined Kislak in 2016 and specializes in the sale of multifamily and other investment properties in northern New Jersey. In 2017, he earned Kislak’s Rising Star award and in 2021, he was promoted to a vice president. In 2024, he was promoted to a senior vice president for his successful roles as an investment salesperson and leader and mentor in Kislak’s commercial sales and leasing division.
Scott Davidovic joined Kislak in 2006 and specializes in the sale of multifamily properties with a focus on land and development throughout northern New Jersey. He received Kislak’s 2007 Rookie of the Year award and 2014 Sima Kislak Jelin Salesperson of the Year award.
About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware, and Florida.
Now in its 119th year, Kislak was among a select group of firms recognized as a 2024 Power Broker by CoStar Group, Inc. and this was the firm’s 19th consecutive recognition. Kislak was also named by NJBIZ as a 2024 Leader in Real Estate, Construction and Design and this was the firm’s third recent recognition.
