The Kislak Company, Inc. announced the $3,575,000 sale of two multifamily apartment buildings and a dedicated parking lot in East Orange.
The transaction encompasses a 12-unit brick apartment building at 5 Harvard Street—paired with a 0.31-acre parking lot across the street at 118 South Clinton Street—alongside an eight-unit brick apartment building at 82 South Harrison Street. Kislak senior vice president Don Baxter and Vice President Michael Salomon marketed the properties on an exclusive basis representing the sellers, 5 Harvard Street, LLC and 82 South Harrison EO, LLC, and also procured the undisclosed purchaser.
The properties feature a mix of renovated apartment units with modern kitchens and flooring, as well as immediate access to regional transit arteries including Interstate 280, the Garden State Parkway, and NJ Transit rail stations providing direct commutes to Newark and New York City.
“Multifamily properties continue to be the investment of choice especially during periods of economic uncertainty,” Baxter said. “Demand remains exceptionally strong as inventory across northern New Jersey remains limited, supporting aggressive pricing for well-located apartments.”
