Woodbridge's Kislak Co. Closes $8.35M NY Apartment Deal

Another Jersey real estate company is making moves beyond state lines, with Woodbridge-based Kislak Company closing an $8.35 million sale of a 58-unit apartment complex in Poughkeepsie, New York.

The deal for Hamilton Garden Apartments in Dutchess County showcases how Garden State firms continue expanding their reach into neighboring markets while maintaining their Jersey roots. For Kislak, it’s business as usual in a company that’s been wheeling and dealing in real estate for decades.

Executive Vice President Janet Bortz handled the transaction on behalf of the seller, Hamilton Garden Estates, a longtime client that trusted Kislak with the exclusive marketing assignment. The sale demonstrates the kind of relationships Jersey firms build over time – the kind where clients come back again and again because they know the work gets done right.

“This transaction reflects our continued success in marketing multifamily properties across the region,” a Kislak spokesperson said. “Our team’s expertise in positioning these assets for maximum value continues to serve our clients well.”

The Hamilton Garden Apartments sale comes at a time when multifamily properties remain hot commodities, with investors hungry for rental income streams. At roughly $144,000 per unit, the Poughkeepsie deal reflects solid pricing for a market that’s seen significant activity over the past few years.

For Kislak, based in Woodbridge in Middlesex County, the New York sale represents the kind of cross-border business that’s become increasingly common for Jersey real estate firms. While the company maintains deep roots in the Garden State, expanding into markets like upstate New York provides opportunities to serve existing clients who own properties across state lines.

The Poughkeepsie market offers some advantages that likely made Hamilton Garden Apartments attractive to buyers. Located about 75 miles north of New York City, Poughkeepsie sits in a sweet spot for commuters willing to travel for more affordable housing options. The city has been working to revitalize its downtown area while maintaining the kind of rental market that makes multifamily investments appealing.

Dutchess County, where the complex is located, has seen steady population growth and development pressure as New York City residents look for alternatives that don’t break the bank. That dynamic creates opportunities for both sellers looking to cash out and buyers hunting for properties with upside potential.

Kislak’s involvement in the transaction highlights how Jersey-based firms have built reputations that extend well beyond state borders. The company’s track record in multifamily sales and marketing gives it credibility with both local and out-of-state clients who need expertise in complex real estate deals.

The sale also reflects broader trends in the multifamily market, where apartment complexes continue attracting serious investor interest. With rental demand remaining strong across the region and new construction costs staying elevated, existing properties like Hamilton Garden Apartments represent relatively stable investment opportunities.

For Hamilton Garden Estates, the longtime Kislak client, the $8.35 million sale likely represents a successful exit strategy after years of property ownership and management. Real estate investors often work with the same brokers and advisors across multiple transactions, building relationships based on trust and proven results.

Bortz, the executive vice president who handled the assignment, represents the kind of seasoned professional that makes deals happen in competitive markets. Her role in securing the sale demonstrates how individual relationships and expertise drive success in commercial real estate transactions.

The timing of the Hamilton Garden sale comes as multifamily properties face various market pressures, from interest rate concerns to changing rental patterns. However, the successful closing suggests that well-positioned properties in markets like Poughkeepsie continue finding buyers willing to pay solid prices.

Kislak’s Woodbridge headquarters keeps the company connected to Central Jersey’s business community while providing access to major markets throughout the region. The location offers strategic advantages for a firm working on deals from New York to Pennsylvania and beyond.

As Jersey real estate companies continue expanding their geographic reach, transactions like the Hamilton Garden Apartments sale demonstrate how local expertise can translate into success across state lines. For Kislak, it’s another example of how building strong client relationships and market knowledge pays off over time.

The $8.35 million deal also reflects the ongoing appeal of multifamily investments, particularly in markets that offer reasonable entry points compared to more expensive metro areas. Investors continue viewing apartment complexes as relatively stable assets that can provide steady income streams over time.

With the Hamilton Garden transaction complete, Kislak adds another successful sale to its portfolio while maintaining the client relationships that drive repeat business. For a Jersey company competing in regional markets, that combination of results and relationships remains the foundation for continued growth and success.