S.V.P. Barry Waisbrod and Sales Associate Julie Gralla Lead Assignment for 81 Units in Four Buildings

WOODBRIDGE, N.J., July 13, 2018 – The Kislak Company, Inc. was recently named the exclusive sales agent for an 81-unit multifamily portfolio in North Newark, New Jersey.

The portfolio includes four fully-occupied brick buildings primarily on Mount Prospect Avenue with parking.

Senior vice president Barry Waisbrod and sales associate Julie Gralla are handling the assignment on behalf of the property owner.

“The North Newark portfolio provides investors with a unique opportunity to establish themselves in one of the hottest and fastest-growing markets in the Tri-State Area on one of the most desirable streets, Mount Prospect Avenue,” said Ms. Gralla. “There are ample reasons why Newark is so desirable right now. There are many new developments with more planned and the city was just named the next tech hub with ‘one of the fastest urban data networks’ per GlobeStreet.com. While many large employers such as Prudential, Panasonic, Audible and HelloFresh (with 450 more jobs planned) are already in Newark, Amazon named the city as one of its finalists for a second headquarters. With easy access to New York City, it’s no wonder many are touting the Brick City as the next Hoboken.”

The properties are located in the Forest Hill section, one of the most desirable and prestigious neighborhoods in Newark. Situated in a dense residential area, the buildings are conveniently located near local transportation, shops, schools and downtown Newark. In addition, this well-located, transit-accessible location is an ideal place for daily commuters, with its quick access to Routes 21, 280 and the Garden State Parkway/NJ Turnpike; Manhattan as well, located just about 10 miles away, is easily accessible by train from the nearby Newark Penn Station.

For more information about the portfolio, please contact Julie Gralla at (732) 750-3000 ext. 224 or jgralla@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 30 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware.

Now in its 112th year, Kislak was among a select group of firms recognized as a 2017 Power Broker by CoStar Group, Inc. and this was the firm’s twelfth consecutive recognition.

For more information about The Kislak Company, Inc., please contact Jason Pucci, chief operating officer, at (732) 750-3000 or jpucci@kislakrealty.com, or visit www.kislakrealty.com


Kislak Named Exclusive Sales Agent for Multifamily Portfolio in North Newark, N.J.