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/
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 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 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/
Hudson Atlantic Relocates Headquarters To State-Of-The-Art Office In Parsippany, NJ
Parsippany, NJ — Hudson Atlantic, a leading commercial real estate brokerage known for their expertise and exceptional client service, is pleased to announce the relocation of its headquarters to a new, state-of-the-art office at 111 Littleton Rd., Suite 111, Parsippany, NJ 07054.
Hudson Atlantic brokers $20M sale of Southside Lofts in Robbinsville
Southside Lofts, a 64-unit Class A multifamily property located in Robbinsville, built in 2020 by Sharbell Development, closed for $20 million, according to a Tuesday announcement from Hudson Atlantic.
Adam Zweibel, president and broker of record at Hudson Atlantic, exclusively represented the seller, Sharbell, in the transaction. Zweibel also identified the buyer, who was undisclosed.
https://www.roi-nj.com/2024/07/23/real_estate/hudson-atlantic-brokers-20m-sale-of-southside-lofts-in-robbinsville/
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 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/
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/