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Kislak multifamily sales snag $3.75M

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Woodbridge-based The Kislak Co. Inc. has announced the sale of two multifamily properties in Orange for $3.75 million: 490 Tremont Ave. and 580 Forest St.

Kislak exclusively marketed the properties with Senior Vice President Joni Sweetwood representing the seller, and Sales Associate Julia Gralla representing the buyer. Neither parties were disclosed.

The building at 490 Tremont Ave. features 26 units; the one at 580 Forest St., a converted brick firehouse, hass seven live-and-work artist lofts. All but one feature private outdoor galleries and the building’s lobby is curated by tenants to display their work.

Jonathan Mehl provided legal representation for the purchaser. Financing was provided by Oritani Bank.

490 Tremont Ave., Orange
490 Tremont Ave., Orange - (Photo / )

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Jessica Perry

Jessica Perry

Jessica is the Web Editor for NJBIZ. You can reach her at jperry@njbiz.com.

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