Brokerage firm The Kislak Company, announced the sale of Harrison Gardens and Elm Gardens in East Orange.
Senior Vice President Joni Sweetwood marketed the property and procured the buyer, a private investor.
Harrison Gardens, located at 255-271 S. Harrison St., is an 88-unit apartment complex. The property consists of 27 one-bedroom units and 61 two-bedroom apartments.
Elm Gardens is a 44-unit property located at 296-310 S. Harrison St. in East Orange. The property has been upgraded in recent years, according to Kislak.
The combined properties traded for $12.75 million.
Kislak said it expects the net operating income for the two properties to increase by almost 70 percent.