S.V.P. Matt Wolf Arranges Exclusive Sale of 77 Units
Woodbridge, N.J., September 1, 2022 – The Kislak Company, Inc. announced the recent sale of three multifamily properties in greater Harrisburg, Pennsylvania for a total of $8,200,000. The sales included the following properties:
Twin Pines at 4341 Carlisle Pike in Camp Hill, Cumberland County with 34 units for $3,850,000;
403 South Baltimore Street in Dillsburg, York County with 22 units for $2,150,000; and
Parktowne Apartments at 3800 Elmerton Avenue and 1100 Morton Drive in Harrisburg, Dauphin County with 21 units for $2,200,000
Kislak marketed the properties on an exclusive basis with senior vice president Matt Wolf handing the assignment on behalf of the sellers, and he also procured the purchasers. The parties were not disclosed.
Mr. Wolf commented, “The Harrisburg rental market and surrounding areas have been very strong in terms of rent growth, making it very attractive for investors across the Mid-Atlantic.”
Twin Pines in Camp Hill consists of 34 residential units, one garage, and one shed located on 1.38 acres of land with onsite parking. The two-story, brick, garden apartment style building contains 14 one-bedroom units, 16 two-bedroom units, and four other, undefined bedroom units in a town with ample green space and parks. While the town does not have its own public transportation, there is easy access to main roads, highways, Harrisburg and surrounding areas by car, and nearby train and Capital Area Transit.
The two-story, vinyl-sided building in Dillsburg consists of six one-bedroom units, a single one-bedroom unit, and 11 other, undefined bedroom units, some with steps leading up to back, wooden decks and entrances. Onsite parking is available with the property just minutes away from restaurants, shopping and major highways.
Parktowne Apartments in Harrisburg consist of two, three-story, brick buildings containing five one-bedroom and 16 two-bedroom units with onsite laundry and parking. Located in a quiet neighborhood, the apartments are within walking distance of schools, parks and restaurants; mall shopping is just 1.3 miles away. Recreational activities abound with five parks within a 10-mile radius of the complex; and Harrisburg International Airport is just 18 minutes away.
Matt Wolf joined Kislak in 2017 following over a decade of success in the commercial real estate industry focused on multifamily and other investment sales transactions in central and eastern Pennsylvania. In 2020, he earned the firm’s Jay I. Kislak Producer of the Year award after selling over 1,100 residential units valued at nearly $100 million. Mr. Wolf is a Certified Commercial Investment Member and also holds a Pennsylvania real estate broker’s license. He was promoted to a senior vice president in 2022.
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.