E.V.P. Joni Sweetwood Arranges Sales in Suburban Essex County
Woodbridge, N.J., June 24, 2022 — The Kislak Company, Inc. announced the recent sale of two multifamily properties in suburban Essex County, New Jersey for a total of $7,250,000. The properties include a 42-unit apartment building at 1280 Clinton Avenue in Irvington that sold for $4,100,000 and a 13-unit apartment building at 132 Milligan Place in South Orange that sold for $3,150,000.
Kislak marketed the properties with executive vice president Joni Sweetwood handling the assignments, and she also procured the purchasers. The parties were not disclosed.
The Irvington property is a five-story brick, elevator building with 10 studios, 27 one-bedroom units and five two-bedroom units featuring new windows, an underground parking garage, and laundry facilities. Located next to City Hall, municipal buildings and very close to shopping, it is minutes from transportation and the Garden State Parkway.
The South Orange property is a two-and-one-half story building consisting of three studios, three one-bedroom units, and seven two-bedroom units, four of which have balconies. The building has two new washers and dryers and covered parking with 13 parking spaces and is in a prime location within walking distance to downtown South Orange and the South Orange train station.
Ms. Sweetwood commented on the sales, “The South Orange property is a pristine brick garden apartment building well located near an office building I recently sold to the purchaser who completed a 1031 exchange with this South Orange purchaser. The desirable elevator building in Irvington was targeted by the purchaser who asked me to pursue it. In both sales, the buyers and sellers were both longtime repeat Kislak clients.”
Joni Sweetwood joined Kislak in 1996 and is also one of the firm’s all-time leading salespeople. She has won numerous awards, including the Sima Kislak Jelin Salesperson of the Year award in 2010 and the company’s production award in 2010, 2011, 2012 2013, and 2018. She has also been recognized repeatedly as one of New Jersey’s Commercial Broker All Stars and the Mid Atlantic Real Estate Journal’s Executive Women in Business. Her career investment sales total more than $1.3 billion.
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 thirty-five professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, and Delaware.
Now in its 116th year, Kislak was among a select group of firms recognized as a 2021 Power Broker by CoStar Group, Inc. and this was the firm’s 16th consecutive recognition.