S.V.P. Matt Wolf Arranges Exclusive Sale of 60-Unit Stonecreek Court in Ephrata

Woodbridge, N.J., May 1, 2024 – The Kislak Company, Inc. announced the recent sale of Stonecreek Court Apartments, a 60-unit apartment complex at 2-93 Stonecreek Court in Ephrata, Lancaster County, Pennsylvania, for $11,700,000.

Kislak marketed the property on an exclusive basis with senior vice president Matt Wolf handling the assignment and he also procured the purchaser. The parties were not disclosed.

Mr. Wolf commented, “This was a trophy asset built in 2008 and sold by the original developer.  We received 12 aggressive offers and ultimately closed with a longstanding client that has a number of other properties in the area.”

The property consists of five, two-story buildings with a total of 60 stabilized, luxury residential units with parking situated on 6.22 acres. The units mix includes 10 one-bedroom apartments, 20 two-bedroom apartments and 10 three-bedroom apartments. Units feature high-end finishes, center kitchen islands, gas fireplaces and vaulted ceilings with outdoor access via patio or balcony.

The property is located in a quiet neighborhood in the highly rated Ephrata School District. It is ideally located close to Lancaster City, Berks and Lebanon Counties with the PA Turnpike just minutes away for an easy commute.   

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 and in 2022, he earned the firm’s Sima Kislak Jelin Salesperson of the Year award. 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 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.