Hudson Atlantic touts expansion, sales growth as Zweibel assumes full ownership
Brokerage firm Hudson Atlantic is starting a new chapter after a recent consolidation of ownership, eyeing continued growth in what will be its fourth full year in business.
Adam Zweibel, the company’s president, recently acquired the stakes of co-founders and former partners Jeffrey Otteau and Christopher Otteau. The multifamily investment brokerage is already approaching $200 million of transactions since the transition last July, having also relocated and expanded to a new headquarters in Parsippany while growing its sales team to six agents.
https://re-nj.com/hudson-atlantic-touts-expansion-sales-growth-as-zweibel-assumes-full-ownership/
Hudson Atlantic elevates Nick Favorito to VP of multifamily sales
Parsippany-based real estate brokerage and advisory firm Hudson Atlantic on Tuesday announced Nick Favorito has been promoted to vice president of Multifamily Sales.
Favorito joined Hudson Atlantic in September 2021 as a sales associate and over the last 3.5 years has closed over $60+ million in sales transactions.
https://www.roi-nj.com/2025/02/19/real_estate/hudson-atlantic-elevates-nick-favorito-to-vp-of-multifamily-sales/
Hudson Atlantic opens new headquarters in Parsippany
Brokerage firm Hudson Atlantic has moved its headquarters to Parsippany, eyeing continued growth after launching the multifamily investment sales business in 2022.
The company, previously based in Matawan, now occupies an undisclosed amount of space at 111 Littleton Road. That means its team is minutes from a host of major highways in northern New Jersey, benefiting from a facility with cutting-edge technology, flexible workspaces and collaborative areas designed to foster creativity and productivity.
https://re-nj.com/hudson-atlantic-opens-new-headquarters-in-parsippany/
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/
Hudson Atlantic brokers $24.2M sale of luxury apartment building in Somerset
Hudson Atlantic Realty on Tuesday said it recently brokered the sale of Brentwood Park, a 77-unit luxury apartment building with four prime retail units located in Somerset. The property sold for $24,200,000.
Adam Zweibel, president of Hudson Atlantic facilitated the transaction. Leveraging a strategic marketing approach and deep market expertise, Zweibel and his team attracted significant investor interest, securing a competitive sale price that reflects the building’s exceptional quality and enduring appeal.
https://www.roi-nj.com/2025/01/07/real_estate/hudson-atlantic-brokers-24-2m-sale-of-luxury-apartment-building-in-somerset/
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 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/
Pennsylvania rental building fetches $6 million, in first trade in 40 years
The longtime owner of a 57-unit apartment building in southeast Pennsylvania has sold the property for $6 million, in a newly announced deal by Hudson Atlantic Realty.
According to a news release, the transaction in the Drexel Hill section of Upper Darby marks the first trade of the asset in 40 years. Hudson Atlantic’s Adam Zweibel represented the seller in the deal at 3420 Garrett Road, noting that the price equates to more than $105,000 per unit and a capitalization rate of 5.75 percent.
https://re-nj.com/hudson-atlantic-pennsylvania-rental-building-fetches-6-million-in-first-trade-in-40-years/
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/
Hudson Atlantic closes 19-unit apartment building in Wood Ridge for $3.6M
The Highlander, a 19-unit apartment building located in Bergen County, has sold for $3.6 million, according to a recent announcement from Hudson Atlantic, which handled the transaction.
Located at 420 Highland Ave. in Wood-Ridge, the deal was facilitated by Adam Zweibel, co-founder and managing partner of Hudson Atlantic, along with the assistance of Dante Fusaro, sales associate.
https://www.roi-nj.com/2024/04/01/real_estate/hudson-atlantic-closes-19-unit-apartment-building-in-wood-ridge-for-3-6m/