Hudson Atlantic announces $9.35M record-breaking sale of 50 units at 22-30 S. Munn, East Orange, NJ
EAST ORANGE, NJ—Hudson Atlantic Realty Advisors announced the off-market sale of 22-30 S. Munn, a 50-unit, five story apartment building in East Orange, New Jersey, for $9.35 million, equating to an unprecedented $187K per unit.
This transaction establishes a new all-time high per-unit sale price in East Orange for a pre-war, rent-controlled multi-family asset, surpassing every prior comparable transaction in the submarket.
Hudson Atlantic announces $9.35M record-breaking sale of 50 units at 22-30 S. Munn, East Orange, NJ
EAST ORANGE, NJ—Hudson Atlantic Realty Advisors announced the off-market sale of 22-30 S. Munn, a 50-unit, five story apartment building in East Orange, New Jersey, for $9.35 million, equating to an unprecedented $187K per unit.
Paramus tract slated for 162-unit luxury senior housing project sells for $9.25 million
A developer has acquired nearly 10 acres in Paramus with approvals in place for 162 age-restricted apartments, according to a brokerage team with Hudson Atlantic Realty.
The property, located at 731 Pascack Road, sold for $9.25 million amid a plan that will transform the onetime home of a multigenerational family farm and garden center. Brokers noted that the project calls for three four-story luxury apartment buildings plus a separate clubhouse, likely complementing the new Brightview Joy’s Farm assisted living facility that’s under construction next door and slated to open in late 2026 or 2027.
https://re-nj.com/paramus-tract-slated-for-162-unit-luxury-senior-housing-project-sells-for-9-25-million/
Prewar 50-unit apartment building in East Orange sells for $9.35 million, Hudson Atlantic says
A private investor has purchased a 50-unit apartment building in East Orange for $9.35 million, in a deal arranged by Hudson Atlantic Realty.
According to the brokerage team, the off-market sale of 22-30 South Munn Ave. equates to a new record high per-unit price in the city for a prewar, rent-controlled multifamily property. That’s due in part to its location just two blocks from NJ Transit’s East Orange station, as well as a gut renovation in 2008 that helped modernize the collection of one-, two- and three-bedroom rentals.
https://re-nj.com/prewar-50-unit-apartment-building-in-east-orange-sells-for-9-35-million-hudson-atlantic-says/
55+ Kings View Apartments in Netcong sell for $10.8M
A 55+ adult community in Netcong has sold for the first time since its development in an off-market sale arranged by Hudson Atlantic Realty.
Sold for $10.8 million, the 38-unit Kings View Apartments located at 1 Jenny Lind St. was built in 2002. The property recently underwent renovations by the original owner/developer.
55+ Kings View Apartments in Netcong sell for $10.8M
A 55+ adult community in Netcong has sold for the first time since its development in an off-market sale arranged by Hudson Atlantic Realty.
55+ Kings View Apartments in Netcong sell for $10.8M
A 55+ adult community in Netcong has sold for the first time since its development in an off-market sale arranged by Hudson Atlantic Realty.
Sold for $10.8 million, the 38-unit Kings View Apartments located at 1 Jenny Lind St. was built in 2002. The property recently underwent renovations by the original owner/developer.
According to the announcement from the boutique investment sales firm, President Adam Zweibel and Vice President Dante Fusaro of Hudson Atlantic’s Zweibel Multifamily Group exclusively brokered the deal.
55+ Kings View Apartments in Netcong sell for $10.8M
A 55+ adult community in Netcong has sold for the first time since its development in an off-market sale arranged by Hudson Atlantic Realty.
Developer sells 38-unit Netcong senior housing property for $10.8 million, Hudson Atlantic says
The builder and longtime owner of a 38-unit apartment building in Morris County has sold the property for $10.8 million, in a newly announced deal by Hudson Atlantic Realty.
According to the brokerage team, Kings View Apartments in Netcong is a senior housing community built in 2002. Its original owner and developer recently renovated the four-story building at 1 Jenny Lind St., giving way to the off-market deal with a private buyer.
https://re-nj.com/developer-sells-38-unit-senior-housing-property-for-10-8-million-hudson-atlantic-says/
Axial Partners sells 68-unit Jersey City rental portfolio for $13.8 million, Hudson Atlantic says
A real estate investment firm has sold a two-building, 68-unit apartment portfolio in Jersey City for $13.8 million, in a newly announced deal by Hudson Atlantic Realty.
According to the listing team, which represented Axial Partners in the sale, an undisclosed investor purchased the properties at 546 and 565 Bergen Ave. The deal closed with a hard, noncontingent contract that Hudson Atlantic said was rare in an environment of rising interest rates, tighter lending standards and general uncertainty in the capital markets, making the deal noteworthy while highlighting the appeal of well-located multifamily assets in Jersey City.
https://re-nj.com/axial-partners-sells-68-unit-jersey-city-rental-portfolio-for-13-8-million-hudson-atlantic-says/
Romema Capital sells new 104-unit Plainfield rental property, Hudson Atlantic says
The builder of a new 104-unit luxury apartment building in Plainfield has sold the property for $39 million, in a newly announced deal by Hudson Atlantic Realty.
The brokerage team said the seller, Romema Capital, completed the deal at 803 South Ave. after delivering the project in 2023. An undisclosed buyer purchased the building, known as 803 South Apartments, for a price that equates to $375,000 per unit.
Hudson Atlantic: Camden County rental property sold after income restrictions expire
A private investor has acquired a 284-unit senior housing property in the Camden County borough of Barrington, in a newly announced deal by Hudson Atlantic Realty.
The brokerage team noted that the complex known as Barrington Mews, located at 2101 Reamer Drive, had operated as federally subsidized affordable housing since it opened in 1994. Those restrictions expired last year, while additional restrictions under the New Jersey Housing and Mortgage Finance Agency expired this past February, allowing it to transition to market-rate housing and unlock what Hudson Atlantic said was significant value.
https://re-nj.com/hudson-atlantic-camden-county-rental-property-sold-after-income-restrictions-expire/
Hudson Atlantic brokers sale of 18-unit rental complex in Englishtown for $4.2 million
A private buyer has closed on an 18-unit apartment complex in Monmouth County for $4.2 million, according to brokers with Hudson Atlantic.
In a news release, the listing team said the property at 10 Center St. in Englishtown traded for $233,000 per unit. That equates to what Hudson Atlantic said is the highest price-per-unit sale for a vintage garden apartment complex in Monmouth County.
https://re-nj.com/hudson-atlantic-brokers-sale-of-18-unit-rental-complex-in-englishtown-for-4-2-million/