New Brunswick Apartment Building Sells for $2.45 Million

The 20-unit residential property at 45 Quentin Ave was recently purchased for a long-term investment.

Updated on Oct. 22, 2026 in Commercial

Bold vector editorial illustration of a multi-unit residential apartment facade with uniform window patterns, symbolizing property investment. — A 20-unit apartment building at 45 Quentin Ave in New Brunswick has been sold for $2.45 million to a long-term investor. AI Illustration. Upload story photo >

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A 20-unit apartment property located at 45 Quentin Ave in New Brunswick has been sold for $2.45 million. The building features a mix of studio and one-bedroom units.

Why it matters

The sale marks a notable investment in the local rental market, with the buyer planning to hold the property long-term while making upgrades to the existing units.

The property includes seven studio apartments and 13 one-bedroom units, supported by on-site surface parking. It is situated two blocks from Route 27 and within 2 miles of both the local train station and major regional hospitals.

The players

The Kislak Company Inc

Founded in 1906, this firm is a long-standing real estate brokerage headquartered in Woodbridge that manages multi-family and commercial property transactions.

Daniel Lanni

Serving as a senior vice president at The Kislak Company Inc since 2010, he manages real estate assignments and client negotiations.

Barry Waisbrod

An executive vice president who has been with The Kislak Company Inc since 2001, he represents buyers in complex commercial real estate acquisitions.

The details

The Kislak Company Inc facilitated the transaction, with Daniel Lanni marketing the asset for the seller and Barry Waisbrod representing the buyer. The site is strategically located 1.5 miles from the New Brunswick train station and Robert Wood Johnson University Hospital.

The sale of the 20-unit apartment property was officially announced on October 22, 2026.

Culture Shift

This transaction aligns with the ongoing demand for transit-oriented multi-family housing near New Jersey university hubs. It reflects a wider investor preference for residential assets positioned within proximity to essential regional employment and transit corridors.

Current residents may see renovations or upgrades to their living spaces as the new owner prepares for long-term management. The property's continued operation as a residential complex maintains existing housing capacity near key city infrastructure.

The takeaway

Real estate investors often prioritize proximity to major hospitals and transit hubs to ensure long-term tenant stability. Property buyers typically perform these acquisitions to capitalize on the steady demand for rental housing in well-connected urban centers.