KISLAK REPORTS STRONG MULTIFAMILY SALES
$13.7 Million throughout Northern New Jersey

Woodbridge, NJ, Apr 21, 2010 - /FLIERWIRE/-- WOODBRIDGE, NJ, APRIL 21, 2010 — The Kislak Company, Inc., the dominant investment real estate sales firm in the tri-state region, recently completed the sale of several multifamily properties throughout northern New Jersey. The separate transactions include a total of 182 residential units valued at $13,700,000 and demonstrate the continued strength of the multifamily real estate market throughout New Jersey, especially in the northern part of the state.

The transactions follow Kislak's recent announcement of the company's number one ranking as the leading multifamily listing and selling brokerage firm throughout New Jersey based on 2009 sales.

"Multifamily properties remain very attractive to investors," commented Jeffrey Wiener, president and co-managing director. "Demand far outweighs supply, especially in northern New Jersey, among both our long-time clients and investors new to the market. The multifamily real estate market continues to be the strongest commercial real estate market."

"Multifamily properties provide a safe place to invest where owners can get a decent sheltered return, especially compared to the low returns presently offered by banks," added Robert Holland, senior vice president and co-managing director. "Despite the recent gains in the stock market, investors also remain cautious given its volatility in the last few years. Multifamily properties are generally safe long-term investments especially in our markets. In New Jersey, for example, vacancy rates remain relatively low, rents are among the highest in the nation and we are experiencing an increased demand for multifamily properties."

Kislak's recent sales include small to mid-sized properties throughout Bergen, Essex, Hudson, Passaic, and Union Counties.

• The $3,600,000 sale of two apartment buildings with a total of 64 units on Glenwood Avenue and Washington Street in East Orange. Vice president Joni Sweetwood represented both parties in the transaction.

• The $2,000,000 sale of a 27-unit apartment building on Morris Avenue in Elizabeth. Joni Sweetwood and sales associate Scott Davidovic represented the seller and vice president Jeffrey Squires represented the buyer in the transaction.

• The $1,800,000 sale of a 12-unit apartment building on McBride Avenue in West Paterson. Vice president Robert Squires represented both parties in the transaction.

• The $1,600,000 sale of a 14-unit apartment building on West Englewood Avenue in Englewood. Vice presidents Don Baxter and Jonathan Greenberg represented both parties in the transaction.

• The $1,350,000 sale of a 19-unit apartment building on Sayre Street in Elizabeth. Jeffrey Squires represented both parties in the transaction.

• The $1,300,000 sale of two apartment buildings with a total of 20 units on Broadway and Palisade Avenue in Union City. Don Baxter and Jonathan Greenberg represented both parties in the separate transactions.

• The $1,050,000 sale of a mixed use property with 12 apartments and 2 retail spaces on Sixth Avenue in Clifton. Jonathan Greenberg represented both parties in the transaction.

• The $1,000,000 sale a 14-unit apartment building on West Elizabeth Avenue in Linden. Jeffrey Squires represented both parties in the transaction.

The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is recognized as the dominant investment sales company serving the multifamily and retail markets. Established in 1906, Kislak's market leadership position and longevity is due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak's prestigious client base includes individual investors and owners, partnerships, financial institutions REITs. The firm's 25 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware.