1280 Clinton Ave. in Irvington and 132 Milligan Place in South Orange — Courtesy: The Kislak Co. Inc.
By Joshua Burd
A private investor has purchased a 42-unit apartment building in Irvington for $4.1 million, in one of two newly announced deals by The Kislak Co. Inc.
Joni Sweetwood, an executive vice president with the brokerage firm, procured the buyer and represented an undisclosed seller in the deal at 1280 Clinton Ave. Kislak announced the transaction on Friday, noting that the five-story brick building has a mix of studio, one-bedroom and two-bedroom units that are steps from municipal buildings and minutes from both retail options and major highways.
The property also has new windows, an underground parking garage and laundry facilities.
Sweetwood, meantime, brokered the $3.15 million trade of 132 Milligan Place, a 13-unit apartment building in South Orange. She noted that the two-and-a-half story building has a mix of studio, one-bedroom and two-bedroom units, while residents are within walking distance of downtown South Orange and the village’s train station.
“The South Orange property is a pristine brick garden apartment building well located near an office building I recently sold to the purchaser, who completed a 1031 exchange with this South Orange purchaser,” Sweetwood said. “The desirable elevator building in Irvington was targeted by the purchaser who asked me to pursue it. In both sales, the buyers and sellers were both longtime repeat Kislak clients.”
