S.V.P. Daniel Lanni & President Robert Holland Arrange Exclusive All-Cash Sale in Chemung County
Woodbridge, N.J., March 8, 2023 – The Kislak Company, Inc. announced the recent sale of Woodland Apartments, a 58-unit complex at 1833 West Water Street in Elmira, Chemung County, New York, for $2,830,000.
Kislak marketed the property on behalf of the seller, Resko-Phil Partnership Elmira, with senior vice president Daniel Lanni handling the assignment. President Robert Holland procured the purchaser, Rodman Properties. Both parties are longtime Kislak clients and the seller previously purchased the property through Kislak.
“Kislak had the pleasure of selling this building in the early 1980s and when the family decided it was time to sell 40 years later, they engaged Kislak,” Mr. Lanni said. “We helped them achieve the highest price from the best possible buyer who closed with all cash.”
Mr. Holland commented: “The purchaser owns in the area already. This was a nice addition to their portfolio of approximately 7,000 units, primarily in Pennsylvania and now Elmira, New York. This is a value-add property with the opportunity to upgrade units and the exterior of the property.”
Woodland Apartments is a garden apartment complex with six buildings on 5.21 acres in west Elmira overlooking the Chemung River. Consisting of 22 one-bedroom units and 36 two-bedroom units, apartments features include air conditioning, ceiling fans, some newly renovated interiors, oversized closets, dishwashers, refrigerators, balconies or patios, and extra storage. Amenities include pet-friendly options, onsite laundry facilities, on-site management, regular and emergency maintenance and on-site resident and guest parking.
Public transportation is easily available from the apartment complex to downtown Elmira, which is the county seat of Chemung County and the birthplace of famous American writer Mark Twain. The area is an economic hub to the Southern Tier of New York State and gateway to New York City and Albany via freight from western New York.
Daniel Lanni joined Kislak in 2010 and is consistently among the firm’s leading producers. He specializes in the sale of multifamily and other investment properties in central New Jersey with a particular focus along the Jersey Shore. He was the recipient of the firm’s 2011 Rookie of the Year Award and was promoted to a senior vice president in 2019.
Robert Holland joined Kislak in 1984, is one of the firm’s all-time leading sales producers and became President in 2012. In addition to overseeing the company and managing a team of salespeople, he specializes in the sale of multifamily and other investment properties with a primary focus in central and eastern Pennsylvania.
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 117th 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. For the second consecutive year, Kislak was named by NJBIZ as one of its Leaders in Real Estate, Construction and Design in New Jersey.