Belleville, New Jersey, January 8, 2026
Three Baltimore-area real estate firms have successfully sold Silverlake Apartments, a 232-unit multifamily community in Belleville, New Jersey. The transaction reflects the resilience of local enterprises in a challenging market and showcases their commitment to economic growth. Klein Enterprises, one of the developers, is also expanding in New Jersey with their new luxury project, The Kempson, which marks the company’s second apartment development in the state.
Baltimore, Maryland
Maryland Firms Successfully Sell Silverlake Apartments in NJ
In a notable collaboration, three Baltimore-area real estate firms have successfully sold Silverlake Apartments, a 232-unit multifamily community located in Belleville, New Jersey. The firms—Klein Enterprises, Black Oak Associates, and MCB Real Estate—had delivered the property in 2021, showcasing not just their development prowess but also their resilience in a challenging real estate market. This transaction is a significant achievement that reflects the strengths of local enterprises in navigating high-barrier-to-entry markets such as Northern New Jersey.
The sale of Silverlake Apartments underlines the entrepreneurial spirit of these firms and highlights a commitment to fostering economic growth in the region. As the real estate landscape evolves, the collaboration and success of these local businesses exemplify how innovation and teamwork can lead to outstanding results. Additionally, Klein Enterprises is continuing its expansion in New Jersey with the launch of The Kempson, a 272-unit luxury mid-rise in Metuchen, marking its second apartment development in the state.
Key Features of Silverlake Apartments
| Feature | Details |
|---|---|
| Property Name | Silverlake Apartments |
| Location | Belleville, New Jersey |
| Number of Units | 232 |
| Unit Types | Studio, One-Bedroom, Two-Bedroom |
| Amenities | Modern amenities |
| Year Delivered | 2021 |
| Developers | Klein Enterprises, Black Oak Associates, MCB Real Estate |
| Recent Sale | Completed |
| Upcoming Project | The Kempson, 272-unit luxury mid-rise in Metuchen, New Jersey |
Significance of Silverlake Apartments Sale
The successful sale of Silverlake Apartments underscores the operational capabilities of Klein Enterprises, Black Oak Associates, and MCB Real Estate in markets that are often difficult to penetrate. By demonstrating strength in Northern New Jersey, these firms not only stand out in the competitive real estate sector but also lift the profile of Baltimore’s business community, showcasing the potential for growth and investment in higher-regulated regions.
Future Projects
Klein Enterprises continues to innovate in the multifamily housing sector with the upcoming launch of The Kempson in Metuchen, New Jersey. This project envisions a luxury living experience and further expands Klein’s footprint in the New Jersey market. As local firms venture into additional developments, the ripple effects can lead to more jobs, enhance housing options, and invigorate local economies.
Local Economic Impact
The collaboration of these Baltimore firms and their success in New Jersey illustrates the importance of a vibrant and flexible regulatory environment that supports rather than hinders small business growth. As these entrepreneurs engage in new projects and investments, Baltimore’s business ecosystem stands to benefit. The engagement in real estate not only creates jobs but also fosters a sense of community and encourages further entrepreneurial innovation.
Call to Action
As we reflect on the achievements of Klein Enterprises, Black Oak Associates, and MCB Real Estate, it’s a reminder of the importance of supporting local businesses and the entrepreneurial spirit that defines Baltimore. Engaging with and encouraging our local businesses can lead to a brighter economic future for Baltimore and the surrounding areas. Let’s continue to champion innovation, collaboration, and resilience in our community.
What is Silverlake Apartments?
Silverlake Apartments is a 232-unit multifamily community located in Belleville, New Jersey, offering studio, one, and two-bedroom residences with modern amenities. The property was delivered in 2021 by Klein Enterprises, Black Oak Associates, and MCB Real Estate.
Who were the developers involved in Silverlake Apartments?
The developers involved in Silverlake Apartments were Klein Enterprises, Black Oak Associates, and MCB Real Estate.
What is The Kempson?
The Kempson is a 272-unit luxury mid-rise apartment development located in Metuchen, New Jersey. It is Klein Enterprises’ second New Jersey apartment development.
When was Silverlake Apartments delivered?
Silverlake Apartments was delivered in 2021.
What is the significance of the sale of Silverlake Apartments?
The sale of Silverlake Apartments highlights the developers’ ability to operate in high-barrier-to-entry markets like Northern New Jersey.
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