The Kislak Co. Inc. has brokered the sale of a 10-property, 540-unit apartment portfolio in Roselle Park, Roselle, Elizabeth and Rahway. — Courtesy: Kislak
By Joshua Burd
Landmark Cos. has sold a 10-property, 540-unit apartment portfolio in Union County for $90 million, in a newly announced deal by The Kislak Co. Inc.
According to the brokerage team, the deal includes complexes in Roselle Park, Roselle, Elizabeth and Rahway and comes as part of a push to reposition the seller’s portfolio. A private buyer purchased what Kislak described as noncore legacy properties, allowing Landmark to move into a more recently developed residential community in Raleigh, North Carolina.
The portfolio of garden-style studio, one-bedroom and two-bedroom rentals includes:
- Sunrise Village Apartments – 145 Jerome St., Roselle Park (275 units)
- 127-135 East Fifth Ave., Roselle (48 units)
- Chilton Manor – 212 Westfield Ave., Elizabeth (39 units)
- Cheryl Gardens – 408 Chestnut St., Roselle (32 units)
- Riverside Apartments – 145 Dock St., Rahway – (30 units and one commercial space)
- 123 West First Ave., Roselle – (30 units)
- Astoria Manor – 854 West Grand St., Elizabeth (24 units)
- Michael’s Manor – 143-147 East Fifth Ave., Roselle (24 units)
- Briar Lane Apartments – 222 East Westfield Ave., Roselle Park (23 units)
- White Rose Apartments – 214-216 East First Ave., Roselle (14 units)
Kislak Managing Director Jeff Squires arranged the off-market sale on behalf of Landmark, a longtime client, and procured the buyer.
“We are making an effort to position our company for future success by diversifying geographically and improving the product type we own and manage,” Landmark principals Michael Gottlieb and Eric Harvitt said in a joint statement. “New Jersey will always be the center of our universe, and we are excited about future development and acquisitions here, but we also feel it is healthy to have a presence in other markets as well.”
Kislak said the deal was among New Jersey’s largest multifamily sales of 2025, citing data available from CoStar.
“The sale of the portfolio represents an extraordinary value-add opportunity for the purchaser to acquire over 500 well-maintained units in some of the strongest rental markets throughout northern New Jersey,” Squires said. “Most of the properties had been owned and managed by the original developer’s family across three generations.”
According to a news release, each property has on-site parking and amenities. Kislak added that the area has an abundance of commercial offerings and convenient mass transit options to and from New York City and throughout northern and central New Jersey.
