The Metro New Jersey Chapter of the Appraisal Institute 88th Annual Princeton Conference
PRIVATE EVENT.April 12, 2024
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's Multifamily Division Thrives with Exceptional Young Talent
July 17, 2023
Hudson Atlantic Realty, a prominent investment real estate brokerage company, continues to make waves in the industry as its multifamily division experiences remarkable growth. With a focus on attracting top-notch professionals, the company has recently welcomed three outstanding individuals under the leadership of their managing partner, Adam Zweibel. These talented brokers, Nick Favorito, Dante Fusaro, and Ben Susskind, have each brought unique expertise and achievements to the team, contributing to Hudson Atlantic Realty's success.
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/