M id A tlantic Real Estate Journal — New Jersey — January 21 - February 17, 2022 — 3B N ew J ersey
www.marej.com
V.P. Julia Gralla and E.V.P. Joni Sweetwood arrange off-market sale of 70 units Kislak sells Stony Brook Gardens in Plainfield, New Jersey
P
company’s production award in 2010, 2011, 2012 2013, 2018, and is consistently a top producer earning gold or platinum achievement an- nually. She has also been recognized repeatedly as one of New Jersey’s Commercial Broker All Stars and the Mid Atlantic Real Estate Journal’s ExecutiveWomen in Business. The Kislak Company, Inc., which is headquartered in Woodbridge is a leading com- mercial real estate brokerage firm consistently recognized for its investment sales suc- cess. Established in 1906,
Kislak’s market leadership position and longevity are due to its ability to offer cli- ents a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of profes- sionals. Kislak’s prestigious client base includes indi- vidual investors and owners, partnerships, financial in- stitutions, and REITs. The firm’s 35 professionals pro- vide comprehensive market coverage throughout New Jersey, New York, Pennsyl- vania, Delaware, and Florida through an affiliate. MAREJ
LAINFIELD, NJ — The Kislak Compa - ny, Inc. announced
the r e c ent o f f -ma rke t sale of Stony Brook Gar- dens, amulti- family prop- erty with 70 units located 643-715 East F r o n t S t . P l a i n f i e l d , Union Coun- ty, for $17.5 million. Execut ive
Julia Gralla
Stony Brook Gardens
in 1996 and is one of the firm’s all-time leading sales- people. She has won numerous
awards, including the Sima Kislak Jelin Salesperson of the Year award in 2010, the
vice president Joni Sweet - wo od a n d vice president Julie Gralla represented both parties, long- standing Kislak clients. “The sale, at a record-set- ting $250,000 per unit for older construction, low cap rate and incredibly strong terms are a testimony to the strength of the market and our close, long-term client relationships. It was the per- fect match for both buyer and seller,” Gralla remarked. Stony Brook Gardens is a two-story, garden apart- ment complex with on-site parking built in 1961. With over $500,000 of capital improvements completed on the property prior to the sale, no due diligence or financing contingency were required at signing of the non-contingent contract. Located within one and a half miles of banks, restau- rants, shops and supermar- kets, the property is only a mile from two commuter rail stations with a few parks and recreational facilities a few miles away. Rtes. 22 and 78 are easily accessed withinmin- utes from the property as well. Gralla joined Kislak in 2010 and specializes in the sale of investment properties throughout northern New Jersey. After her first year with Kislak, she received the company’s Rookie of the Year award, which recognizes a newer salesperson who records the greatest achieve- ments during the year. In 2020, Gralla also received the company’s silver achievement award, previously earning the bronze achievement award in 2016 and 2017, for transac- tion success. Sweetwood joined Kislak Joni Sweetwood
EXCLUSIVE PROPERTIES FOR SALE
Belmar & Bradley Beach, NJ 127 Unit Portfolio Daniel Lanni ext 248
Elizabeth, NJ 19 Units + 1 Commercial Joni Sweetwood ext 273
Paterson, NJ 14 Units + 2 Superintendent Units Robert Squires ext 287
Pequannock, NJ 14 Units + 8,050 SF Retail Daniel Lanni ext 248
Hamilton Township, NJ 15,990± Retail/Medical Strip Mall Alan Storozum ext 236
Holmdel, NJ 12± Acres for Redevelopment Matt Weilheimer ext 253
The Kislak Company, Inc. | kislakrealty.com | 732 750 3000
Made with FlippingBook Annual report maker