Hudson Atlantic sells Grand Gardens Apartments in Jersey City for $2.35M
Grand Gardens, a 16-unit apartment building in Jersey City has been sold for $2.35 million, according to a Wednesday announcement from Hudson Atlantic.
The property was listed, marketed and sold by Ben Susskind, one of Hudson Atlantic’s rising stars, with support from Adam Zweibel, co-founder and managing partner of the firm.
https://www.roi-nj.com/2024/01/05/real_estate/hudson-atlantic-sells-grand-gardens-apartments-in-jersey-city-for-2-35m/
Hudson Atlantic closes sale of 16-unit Jersey City apartment building for $2.35 million
January 4, 2024
A private investor has acquired a 16-unit apartment building in Jersey City’s historic Bergen-Lafayette section, in a newly announced deal by Hudson Atlantic Realty.
Brokers say the property, 672 Grand St., traded for $2.35 million at a capitalization rate of 4.46 percent. Adding to the appeal was the building’s proximity to a slew of new developments in the neighborhood and to Hudson-Bergen Light Rail service, which provides commuters with access to Manhattan.
Developer buys site of 70-unit Bayonne rental project mid-construction
A private developer has purchased the site of a 70-unit multifamily project that is now under construction in Bayonne, in a newly announced deal by CBRE.
Brokers with the firm represented the seller, EOM, in the transaction at 90 Avenue E. A buyer based in Hudson County paid $6.13 million for the property, the team said, noting that the project is fully approved with a 20-year tax abatement and is within walking distance of Hudson-Bergen Light rail service.
https://re-nj.com/developer-buys-site-of-70-unit-bayonne-rental-project-mid-construction-cbre-says/
Hudson Atlantic announces sale of Lakeside Residences in Pompton Lakes for $20M
Hudson Atlantic Realty recently announced it successfully closed on Lakeside Residences, a 52-unit luxury apartment building in Pompton Lakes, for $20 million, or $385,000-plus per unit. Built in 2022, this property boasts high-end finishes as well as a wide range of amenities including fitness center, resident lounge, game room and tenant storage.
https://www.roi-nj.com/2023/10/23/real_estate/hudson-atlantic-announces-sale-of-lakeside-residences-in-pompton-lakes-for-20m/
New 52-unit luxury rental building in Pompton Lakes fetches $20 million, Hudson Atlantic says
October 20, 2023
A private investor has purchased a newly completed, 52-unit apartment building in Pompton Lakes for $20 million, according to a brokerage team with Hudson Atlantic Realty.
Known as Lakeside Residences, the property at 21 Lakeside Ave. opened last year under a project by Colfax Holdings Urban Renewal LLC, a Hackensack-based firm. It has now changed hands for $385,000 per unit, thanks in part to its luxury finishes and amenities such as a fitness center, a resident lounge, a game room and tenant storage.
Hudson Atlantic closes $10 million sale of 18-unit New Providence rental property
An investor has acquired an 18-unit luxury apartment property in New Providence for $10 million, in a newly announced deal by Hudson Atlantic Realty.
https://re-nj.com/hudson-atlantic-closes-10-million-sale-of-18-unit-new-providence-rental-property/
Hudson Atlantic closes sale of Patriot Village Apartments in New Providence for $10M
Hudson Atlantic Realty on Monday announced it closed on Patriot Village Apartments in New Providence for $10 million.
Built in 2010, Patriot Village offers 18 luxury apartment units consisting of a mix of studios, one, two- and three-bedroom apartments. The large unit-sized apartments each have private garage parking, tenant storage and in-unit laundries.
The property is perfectly located between the towns of Summit and New Providence. With just a quick drive to either downtown full of restaurants, shops and major employers, and within a 5-minute walk to New Providence Train Station, the property is ideally adjacent to Interstates 78 and 280. Also, it is only nine minutes from the Mall at Short Hills.
https://www.roi-nj.com/2023/05/09/real_estate/hudson-atlantic-closes-sale-of-patriot-village-apartments-in-new-providence-for-10m/
New Jersey Planning & Redevelopment Conference 2023
PRIVATE EVENT. Not accepting registrations.June 21, 22, & 23, 2023
Hudson Atlantic closes $14.7 million sale of 26-unit Madison apartment building
A distinctive 26-unit apartment building in downtown Madison has traded for $14.7 million, brokers with Hudson Atlantic Realty announced Wednesday.
https://re-nj.com/hudson-atlantic-closes-14-7-million-sale-of-26-unit-madison-apartment-building/
Hudson Atlantic Realty finishes 2022 strong with $293M+ in closed deals in its 1st year
Hudson Atlantic Realty said 2022 was a huge success, as the brokerage closed more than $293 million in deals. The year included 1,300-plus apartments in 18 separate transactions — Hudson Atlantic established itself as a force in the commercial real estate market.