S.V.P. Tom Scatuorchio & Managing Director Matt Weilheimer Arrange Exclusive Sale of 28 Units

Woodbridge, N.J., May 21, 2025 — The Kislak Company, Inc. announced the recent sale of a 28-multifamily property at 5-22 Carpenter Terrace in Belleville, Essex County, New Jersey, for $4,700,000.

Kislak arranged the sale on an exclusive basis with managing director Matt Weilheimer and senior vice president Tom Scatuorchio handling the assignment on behalf of the seller, Belleville28, LLC. They also procured the purchaser, Rodani Homes, LLC., a longtime Kislak client.

Mr. Scatuorchio commented: “As the exclusive listing broker, we were able to generate significant interest in the property and ultimately procured a buyer at a very aggressive price in today’s market. This speaks to the continued demand for well-located, value-add multifamily properties, even in a shifting capital markets environment. We have had the opportunity to represent the buyer on previous acquisitions, and given his hands-on management style, I am confident this will be a successful addition to his growing portfolio.”

Mr. Weilheimer added, “Other brokerage firms had the opportunity to market and sell this unique property but were unsuccessful. Once Kislak was appointed as the exclusive listing broker, we effectively marketed the property and successfully completed the sale.”

The property features seven four-unit buildings, all situated on a single site, with on-site parking for 18 cars. Each section of four units is individually serviced by its own gas boiler and hot water heater. Seven of the units feature basements, offering additional value-add potential through future renovations. The property is surrounded by a mix of established homes and new development projects, further enhancing its long-term investment appeal.

Located in a quiet residential neighborhood near the Bloomfield and Nutley borders, the property offers a strong value-add opportunity in one of northern New Jersey’s most sought-after rental markets. Ideally positioned near the New Jersey Transit Light Rail Station at Silver Lake and only 15 miles west of Manhattan, the property benefits from easy access to mass transit, major highways, and continued regional development. The area is surrounded by several new and upcoming residential and commercial projects, contributing to its growing desirability.

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.

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.

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.