The Kislak Company Inc. announced Monday it has been named the exclusive sales agent for the Magnolia Lane Luxury Apartments in Fairfield.
The listing price is $14.9 million.
The 34-unit townhome rental community, which is located at 60 Passaic Ave., is comprised of four buildings on 2.66 acres. The property features private entrances and garages, high ceilings, quartz countertops in the kitchens, washers and dryers, patios or balconies, and more.
Joni Sweetwood, executive vice president, handled the deal on behalf of the property owner.
“Essex County is among the strongest rental markets in New Jersey,” Sweetwood said. “Given the area’s growing rental population and increasing demand for luxury housing, Magnolia Lane presents an extraordinary opportunity for an investor to own one of the premier luxury rental properties in suburban Essex County near two train stations, with easy access to Routes 80, 46 and 280 and only 20 miles from midtown Manhattan.”
