The Kislak Co. on Friday said it recently sold a four-property multifamily portfolio with a total of 69 units in Newark.

The portfolio includes 12 units at 48 Millington Ave., 16 units at 51 Summit Ave., 20 units and a developable lot at 291 Wainwright St., and 21 units at 535 Hawthorne Ave. — all 100 percent occupied at the close.

The four, three-story brick apartment buildings have a variety of unit sizes all within close proximity of each other. The developable lot is currently used for parking and includes a cell tower lease pending municipal approval, thereby offering potential increased revenue.

Each property occupies less than a half-acre of land and is well-kept by a maintenance staff. Residents have access to nearby parks, cultural centers and educational institutions including Branch Brook Park, Newark Museum, Dreyfuss Planetarium, the University of Medicine and Dentistry of New Jersey, and Seton Hall and Kean Universities. New York City is 12 miles away.

Kislak marketed the portfolio on an exclusive basis. Senior Vice President Robert Squires led the assignment with the support of Sales Associate Michael Kossak. Senior Vice President Jeff Squires procured the purchaser.

“There is a huge demand for well-maintained apartment buildings in northern New Jersey and these buildings, in a great rental market, offer a large upside in rents,” Kossak said.