Managing Director Jeff Squires & S.V.P. Tom Scatuorchio Arrange Exclusive Sale

Woodbridge, N.J., June 24, 2026 — The Kislak Company, Inc. announced the recent sale of a mixed-use multifamily and retail property at 25-27 Watsessing Avenue in Bloomfield, Essex County, New Jersey, for $2,350,000.

Kislak marketed the property on an exclusive basis with managing director Jeff Squires handling the assignment on behalf of the seller, Watsessing Property Mmgt, LLC. Senior vice president Tom Scatuorchio procured the purchaser, 25 Watsessing Realty LLC.

The property is a four-story building with 14 one-bedroom/one-bathroom apartments and two ground-floor retail spaces. The property was fully occupied at the time of sale and features renovated common areas and 10 renovated apartments, providing stable in-place income with additional upside potential.

Mr. Squires commented, “This transaction exemplifies the continued strength of transit-oriented multifamily investment in northern New Jersey. 25-27 Watsessing Avenue offered a well-positioned, income-producing opportunity with significant upside potential and a prime location, steps from the NJ Transit Watsessing Train Station.”

Mr. Scatuorchio added, “The acquisition was completed by an established local investor who transacted on competitive terms, including an accelerated and smooth due diligence process.”

Located immediately adjacent to the NJ Transit Watsessing Avenue Station in Bloomfield, the property offers direct commuter rail access to Newark and New York City. The surrounding Bloomfield/Watsessing neighborhood continues to experience strong investor demand driven by its transit connectivity, dense population base, and proximity to major northern New Jersey employment centers.

The transaction reflects continued demand for well-located mixed-use and multifamily assets throughout Essex County, particularly properties offering stable occupancy, renovated interiors, and convenient access to public transportation.

Jeff Squires joined Kislak in 2007 and specializes in the sale of multifamily and other investment properties throughout northern New Jersey. Consistently among Kislak’s leading salespeople, he received the firm’s 2008 Rookie of the Year award, 2012 and 2025 Sima Kislak Jelin Salesperson of the Year award and 2014 and 2016 Producer of the Year award. He was promoted to a managing director in 2024.

Tom Scatuorchio joined Kislak in 2016 and specializes in the sale of multifamily and other investment properties throughout northern New Jersey. In 2017, he earned Kislak’s Rising Star award and in 2021 was promoted to vice president. In 2024, he was promoted to senior vice president in recognition of his success as an investment salesperson and his leadership within Kislak’s commercial sales and leasing division. In 2025, he was the co-recipient of the firm’s 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 thirty-five professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware and Florida.

Now in its 120th year, Kislak was among a select group of firms recognized as a 2025 Power Broker by CoStar Group, Inc. and this was the firm’s 18th consecutive recognition. For the second consecutive year, Kislak was named by NJBIZ as one of its Leaders in Real Estate, Construction and Design in New Jersey.