Real Estate Journal — New Jersey — October 12 - 25, 2018 — 3B


M id A tlantic

N ew J ersey

USSEX, NJ — The Kis- lak Company, Inc. an- nounced the recent sale Regal Bank provides financing for the sale of the fully occupied property Keenan of Kislak handles sale of mixed use property in Sussex, NJ for $2.25 million S unique layouts in the three story brick building. Com- mercial tenants have excellent visibility along Route 23.

is available for all tenants and visitors. A short drive from world class golfing and skiing in nearby Vernon Twp., Sussex is host to many rivers, lakes, hiking trails and other outdoor activities, offering tenants an inviting recreational environ- ment. Financing for the sale of the fully occupied property was provided by Regal Bank . Keenan joined Kislak in 2006 and specializes in the sale of multifamily and other invest- ment properties throughout northern New Jersey. 

of The Cream- ery, a mixed use property with 20 resi- dential units and five com- mercial spaces at 16 Walling Avenue, Sus- sex, for $2.25 million.

Interior upgrades boast new hallway carpeting, new hall- way ceiling tiles, and new laundry facilities with ex- posed brick throughout the majority of common areas and apartments. Recent exterior upgrades include replacement of two roofs, new gutters for the entire building, new deck- ing on the side of the building, and repaved and striped back and front parking lots and side driveway. Abundant parking

Joseph Keenan

Kislak marketed the prop- erty and vice president Joseph Keenan represented both the purchaser, F.M.F. Investments LLC and seller, Creamery Apartments LLC, in the sale of the former creamery. Both parties are longtime Kislak clients. The seller bought the prop- erty in a distressed state three years ago, after which he com- pleted a full gut rehabilitation of the converted loft style apartments and commercial spaces. Once the renovations were completed, the seller engaged Kislak to market the property. “The seller purchased the property in order to renovate and sell it,” said Keenan. “I am very pleased we were able to help him execute his plan. The property was beautifully renovated and will make a fine addition to the buyer’s growing portfolio in Sussex County.” The property is a former creamery which was converted to mixed-use residential and commercial property in the late 1970s. The spacious residential units consist of 7 studios, 12 one-bedroom units, and one two-bedroom unit, all with a section of the MARE Real Estate Journal 350 Lincoln Street, Suite 1105 Hingham, MA 02043 P: 781-740-2900 Fax: 781-740-2929 www.marejournal.com New Jersey

The Creamery


Long Branch, NJ 169 Luxury Units Joni Sweetwood ext. 273

Allentown, PA 64 Residential Units Rob Holland ext. 285

Newark, NJ 10 Residential Units, 6 Retail Julie Gralla ext 265

Marlton, NJ 33,270 SF Office Barry Waisbroad ext. 272

Woodbridge, NJ 9,195 SF Office Daniel Lanni ext. 248

South Brunswick, NJ 2.27± Corner Lot Matt Weilheimer ext. 253

Account Executive Kim Brunet kbrunet@marejournal.com Section Editor Karen Vachon editor@marejournal.com

The Kislak Company, Inc. | kislakrealty.com | 732 750 3000

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