E.V.P. Joni Sweetwood Leads Assignment for New Rental Community in Affluent Suburban Essex County

Woodbridge, N.J., March 25, 2019 – The Kislak Company, Inc. was recently named the exclusive sales agent for Magnolia Lane Luxury Apartments, a new 34-unit townhome rental community located at 60 Passaic Avenue in affluent Fairfield in suburban Essex County, New Jersey.

Constructed in 2018, the property includes 34 luxury units in four buildings with brick and clapboard style architecture on 2.66 professionally-landscaped acres on a private cul-de-sac. Each unit features a kitchen with quartz countertops, glass backsplash and stainless steel appliances. Other features include private entrances and private garages, high ceilings, full sized washers and dryers, patios or balconies, plank-style flooring and CAT 6A wiring.

Executive vice president Joni Sweetwood is handling the assignment on behalf of the property owner.

“Essex County is among the strongest rental markets in New Jersey,” said Ms. Sweetwood. “Given the area’s growing rental population and increasing demand for luxury housing, Magnolia Lane presents an extraordinary opportunity for an investor to own one of the premier luxury rental properties in suburban Essex County near two train stations, with easy access to Routes 80, 46 and 280 and only 20 miles from midtown Manhattan.”

Tenants have also commented on their positive experiences living at the property:

“It was hard to find such a spacious apartment with our own private garage – winter is now a little more bearable!  The study is great for when we work at home – and we still have a guest bedroom. Because we visit and entertain clients, the central location near highways, businesses, bars and restaurants made this an easy decision.”

“Such a quiet community, yet close to everything. The neighbors are very nice. If you have a maintenance request there is never a delay. My fabulous apartment with a big loft and center island kitchen has been great for entertaining friends and family.”

The listing price is $14.9 million.

For more information about Magnolia Lane Luxury Apartments, please contact Joni Sweetwood at (732) 750-3000 ext. 273 or jsweetwood@kislakrealty.com.

About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage 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 35 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware.

Now in its 113th year, Kislak was among a select group of firms recognized as a 2018 Power Broker by CoStar Group, Inc. and this was the firm’s thirteenth consecutive recognition.

Kislak Named Exclusive Sales Agent For Magnolia Lane Luxury Apartments In Fairfield, N.J.