E.V.P. Joni Sweetwood Arranges Exclusive Sale of 44-Unit Property in Atlantic County

Woodbridge, N.J., September 3, 2024 – The Kislak Company, Inc. announced the recent sale of Indian Oaks Apartments, a 44-unit multifamily property at 6200 Old Harding Highway in Mays Landing, Atlantic County, New Jersey, for $5,850,000.

Kislak marketed the property on an exclusive basis on behalf of the longtime owner, Indian Oaks Apartments, LLC, which had owned the property for nearly 30 years. Executive vice president Joni Sweetwood handled the assignment and also procured the purchaser, Indian Oaks Manor, LP.

Ms. Sweetwood commented, “The offering presented an attractive investment opportunity to acquire a well performing property consisting of mostly townhouses with many recent improvements, upside potential and development potential on 40-plus acres in Atlantic County not far from Atlantic City International Airport.”

Indian Oaks Apartments consist of 11 buildings with 44 apartments and townhouses on 40.924 acres. Tenants are responsible for all utilities except water. The unit mix includes 10 one-bedroom apartments, six two-bedroom apartments and 28 two-bedroom townhouses. The property includes many recent capital improvements – new roofs, HVAC systems, kitchens, and appliances.

Indian Oaks Apartments is located across from Lake Lenape, which offers boating, camping, hiking, and many other recreational activities, in Mays Landing, which is an unincorporated and census-designated place located within Hamilton Township in central Atlantic County. It is near Stockton University, shopping, and major highways and approximately 12 miles from Atlantic City International Airport, 20 miles northwest of Atlantic City and 50 miles southeast of Philadelphia.

Joni Sweetwood joined Kislak in 1996 and is one of the firm’s all-time leading salespeople consistently ranking as a top producer each year. She has won numerous sales awards, including the Sima Kislak Jelin Salesperson of the Year award, the company’s Producer of the Year award five times and the company’s Sales Transactions award for the most closed sales transactions in the last three years. Ms. Sweetwood 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 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware, and Florida.

Now in its 118th year, Kislak was among a select group of firms recognized as a 2023 Power Broker by CoStar Group, Inc. and this was the firm’s 18th 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.