E.V.P. Barry Waisbrod Arranges Exclusive Sale of 57 Units via Auctions in Partnership with Ten-X

Woodbridge, N.J., January 28, 2025 – The Kislak Company, Inc. announced the recent sale of  two multifamily properties in Trenton, Mercer County, New Jersey – Belleview Commons Apartments at 328 Bellevue Avenue with 24 units for $2,850,000 and Parkside Commons at 883-887 Parkside Avenue with 33 units for $3,326,000.

Kislak marketed the properties on an exclusive basis with executive vice president Barry Waisbrod handling the assignment on behalf of the sellers, Belleview Commons, LLC and Parkside Commons, LLC, affiliates of a longtime client. Kislak partnered with Ten-X to facilitate an online managed bid auction with successful results. Separate winning bidders, both of which are locally based private investors, purchased the properties. The parties’ names were not disclosed.

Mr. Waisbrod commented, “The seller is a longtime landlord with a large presence in Trenton and has been exchanging some of his smaller properties into larger suburban properties in southern New Jersey and eastern Pennsylvania. The purchasers invest in real estate throughout Mercer County. This was an opportunity for them to acquire clean properties with upside in a nice section of Trenton not far from their other properties.”

Both properties are three-story brick apartment complexes with 24 units at Belleview Commons Apartments and 33 units at Parkside Commons that include a mix of studios and one-and two-bedroom units. The properties include large parking lots and recently underwent many improvements and system upgrades.

“These auction sales were our fourth and fifth in Trenton in partnership with Ten-X,” said Jason Pucci, CEO. “In each instance, Evan Koransky and his team at Ten-X did an excellent job from start to finish and all parties were pleased with the results.”

Trenton is the capital of New Jersey and the seat of Mercer County. It is located near the geographic center of the state approximately 66 miles southwest of New York City and 33 miles northeast of Philadelphia. As of the 2020 U.S. census, Trenton was the state’s 10th-most-populous municipality, with a population of 90,871

Barry Waisbrod joined Kislak in 2001 and is consistently among the firm’s leading salespeople. He specializes in the sale of multifamily and other investment properties throughout New Jersey and its neighboring states. Mr. Waisbrod received the firm’s Sima Kislak Jelin Salesperson of the Year award in 2023, 2019, 2015 and 2013 and its Jay I. Kislak Producer of the Year award in 2023 and 2021.

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 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.