Hudson Atlantic Realty announces sale of 55+ Luxury Development Site In Paramus, NJ
PARAMUS, NJ — Hudson Atlantic Realty announced the off-market sale of The Residences at Joy Farms, a fully approved 162-unit 55+ active-adult luxury apartment development site located at 731 Pascack Rd. in Paramus. Adam Zweibel, president of Hudson Atlantic, represented the seller and procured the buyer in the $9.25 million transaction, equating to $67,000 per market-rate unit (138 market rate-units + 24 affordable units).
The 9.877-acre shovel-ready site is entitled for three four-story residential buildings plus a separate clubhouse, delivering 162 luxury apartment homes with a desirable mix of 41% one-bedroom and 59% oversized two-bedroom units. Future residents will enjoy best in class amenities including a yoga/exercise studio, reading lounge, seamless indoor/outdoor social spaces, a bar/kitchen area, and 188 garage and surface parking spaces.
Hudson Atlantic Realty announces sale of 55+ Luxury Development Site In Paramus, NJ
PARAMUS, NJ — Hudson Atlantic Realty announced the off-market sale of The Residences at Joy Farms, a fully approved 162-unit 55+ active-adult luxury apartment development site located at 731 Pascack Rd. in Paramus. Adam Zweibel, president of Hudson Atlantic, represented the seller and procured the buyer in the $9.25 million transaction, equating to $67,000 per market-rate unit (138 market rate-units + 24 affordable units).
