16 — November 2025 — Central New Jersey — M id A tlantic Real Estate Journal
www.marej.com
C entral N ew J ersey
Robert Holland & Jeff Squires arrange sale of 36 units in Garwood Kislak sells Stephanie Gardens in Union County, NJ for $6.6 Million
G
Gardens, owned, managed and immaculately main- tained by the same owner for several decades, was an incredibly desirable property due to its favorable location and future potential. We were able to quickly generate sev- eral competitive offers and the property ultimately sold above asking price with minimal contract contingencies.” Built in 1973, the prop- erty consists of a three-story brick garden complex with 32 one-bedroom, and 4 two- bedroom apartments. Well- maintained interiors include carpeted floors, ample light, individual AC units and mi- crowave appliances with a pretty, cleanly-landscaped exterior. Amenities include laundry room, exercise room and garages available for rent with smoothly paved access. Minutes from Westfield, the property is set in the midst of many eateries and parks of Garwood, and is just blocks from the nearest bus stop, middle school, supermarket, and the town train station. As a suburb of NYC, only 22 miles away by car, Garwood is attractive to young profes- sionals and families and offers a strong public school system. The new owner plans to further improve the building by continuing with various renovations. MAREJ IPRG NJ announces sale of 827–833 Bond St., Elizabeth 827–833 Bond St. ELIZABETH, NJ — Invest- ment Property Realty Group (IPRG) NJ is pleased to an- nounce the sale of 827–833 Bond St. in Elizabeth, listed and sold by Yanni Marmarou, managing partner, and Jack Drillock, director. The property, situated on an 11,040 s/f lot and improved with a 10,735 s/f industrial warehouse, sold for $1.4 mil- lion, achieving 88% of the origi- nal $1.6 million asking price. The warehouse is currently divided into two functional spaces 7,910 s/f and 2,825 s/f and was delivered vacant at closing. MAREJ
ARWOOD, NJ — The Kislak Company, Inc. announced the
Squires handling the assign- ment on behalf of the longtime owner, Garwood Associates, LP. They also procured the purchaser, Ga r w o o d Ga r dens , LLC. Kislak previously sold several other multi- family prop- erties for the owner in nearby Summit and Cranford. Remarking on the unique aspects of this transaction, Squires said, “Stephanie Jeff Squires
recent sale of Stepha- nie Gardens, a 36-unit multifamily property at 72 3rd Ave. in Garwood, Union Coun- ty, New Jer- sey, for $6.6 million.
Robert Holland
Kislak marketed the prop- erty on an exclusive basis with president Robert Holland and managing director Jeff
Stephanie Gardens
EXCLUSIVE PROPERTIES FOR SALE
Hamilton Township, NJ 8 Residential Units + 4 Retail Units Matt Wolf ext 237 Tom Scatuorchio ext 255
Jersey City, NJ 22 Residential Units Davis Briones ext 370
Nutley, NJ 7 Residential Units + 1 Retail Space Tom Scatuorchio ext 255
Mount Holly, NJ 9,730 SF Retail Matt Weilheimer 908 596 0700
Westwood, NJ 12,630 SF Medical Office Robert Squires ext 287
Old Bridge, NJ 850± SF Office Condo Unit Matt LoBocchiaro 908 360 8054
The Kislak Company, Inc. | kislakrealty.com | 732 750 3000
Made with FlippingBook - professional solution for displaying marketing and sales documents online