40 — July 2026 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
Managing director Jeff Squires & S.V.P. Tom Scatuorchio arrange exclusive sale Kislak sells Bloomfield, NJ multifamily property for $2.35 Million
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behalf of the seller, Watsessing Property Mmgt, LLC. Senior vice president Tom Scatu-
common areas and 10 reno- vated apartments, providing stable in-place income with additional upside potential. Squires said, “This transac- tion exemplifies the continued strength of transit-oriented multifamily investment in northern New Jersey. 25-27 Watsessing Ave. offered a well- positioned, income-producing opportunity with significant up - side potential and a prime loca- tion, steps from the NJ Transit Watsessing Train Station.” Scatuorchio added, “The acquisition was completed by an established local investor
who transacted on competi- tive terms, including an ac- celerated and smooth due diligence process.” Located immediately adja- cent to the NJ Transit Wat- sessing Avenue Station in Bloomfield, the property offers direct commuter rail access to Newark and New York City. The surrounding Bloomfield/ Watsessing neighborhood con- tinues to experience strong investor demand driven by its transit connectivity, dense population base, and proximity to major northern New Jersey employment centers. The transaction reflects con - tinued demand for well-located mixed-use and multifamily as- sets throughout Essex County, particularly properties offering stable occupancy, renovated interiors, and convenient access to public transportation. Jeff Squires joined Kislak in 2007 and specializes in the sale of multifamily and other invest- ment properties throughout northern New Jersey. Consis - tently among Kislak’s leading salespeople, he received the firm’s 2008 Rookie of the Year award, 2012 and 2025 Sima Kislak Jelin Salesperson of the Year award and 2014 and 2016 Producer of the Year award. He was promoted to a managing director in 2024. Tom Scatuorchio joined Kis- lak in 2016 and specializes in the sale of multifamily and other investment properties throughout northern New Jer- sey. In 2017, he earned Kislak’s Rising Star award and in 2021 was promoted to vice president. In 2024, he was promoted to senior vice president in rec- ognition of his success as an investment salesperson and his leadership within Kislak’s commercial sales and leasing division. In 2025, he was the co-recipient of the firm’s Sima Kislak Jelin Salesperson of the Year Award. About The Kislak Company, Inc. The Kislak Company, Inc., which is headquartered in Woodbridge, NJ, is a leading commercial real estate broker- age firm consistently recog- nized for its investment sales success. Established in 1906, Kislak’s market leadership po - sition and longevity are due to its ability to offer clients a per- sonalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. MAREJ
OODBRIDGE, NJ — The Kislak Company, Inc. an-
orchio pro- cured the purchaser, 25 Watsessing Realty LLC. The prop- erty is a four- story build- ing with 14 o n e - b e d -
nounced the recent sale of a mixed-use mul t i fam- ily and retail property at 25-27 Wat- sessing Ave. in Bloomfield, Essex Coun - ty for $2.35 million.
Jeff Squires
Tom Scatuorchio
room/one-bathroom apart- ments and two ground-floor retail spaces. The property was fully occupied at the time of sale and features renovated
Kislak marketed the property on an exclusive basis with man- aging director Jeff Squires handling the assignment on
25-27 Watsessing Ave.
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