55+ Kings View Apartments in Netcong sell for $10.8M
A 55+ adult community in Netcong has sold for the first time since its development in an off-market sale arranged by Hudson Atlantic Realty.
Sold for $10.8 million, the 38-unit Kings View Apartments located at 1 Jenny Lind St. was built in 2002. The property recently underwent renovations by the original owner/developer.
55+ Kings View Apartments in Netcong sell for $10.8M
A 55+ adult community in Netcong has sold for the first time since its development in an off-market sale arranged by Hudson Atlantic Realty.
55+ Kings View Apartments in Netcong sell for $10.8M
A 55+ adult community in Netcong has sold for the first time since its development in an off-market sale arranged by Hudson Atlantic Realty.
Sold for $10.8 million, the 38-unit Kings View Apartments located at 1 Jenny Lind St. was built in 2002. The property recently underwent renovations by the original owner/developer.
According to the announcement from the boutique investment sales firm, President Adam Zweibel and Vice President Dante Fusaro of Hudson Atlantic’s Zweibel Multifamily Group exclusively brokered the deal.
55+ Kings View Apartments in Netcong sell for $10.8M
A 55+ adult community in Netcong has sold for the first time since its development in an off-market sale arranged by Hudson Atlantic Realty.
Developer sells 38-unit Netcong senior housing property for $10.8 million, Hudson Atlantic says
The builder and longtime owner of a 38-unit apartment building in Morris County has sold the property for $10.8 million, in a newly announced deal by Hudson Atlantic Realty.
According to the brokerage team, Kings View Apartments in Netcong is a senior housing community built in 2002. Its original owner and developer recently renovated the four-story building at 1 Jenny Lind St., giving way to the off-market deal with a private buyer.
https://re-nj.com/developer-sells-38-unit-senior-housing-property-for-10-8-million-hudson-atlantic-says/
Axial Partners sells 68-unit Jersey City rental portfolio for $13.8 million, Hudson Atlantic says
A real estate investment firm has sold a two-building, 68-unit apartment portfolio in Jersey City for $13.8 million, in a newly announced deal by Hudson Atlantic Realty.
According to the listing team, which represented Axial Partners in the sale, an undisclosed investor purchased the properties at 546 and 565 Bergen Ave. The deal closed with a hard, noncontingent contract that Hudson Atlantic said was rare in an environment of rising interest rates, tighter lending standards and general uncertainty in the capital markets, making the deal noteworthy while highlighting the appeal of well-located multifamily assets in Jersey City.
https://re-nj.com/axial-partners-sells-68-unit-jersey-city-rental-portfolio-for-13-8-million-hudson-atlantic-says/
Romema Capital sells new 104-unit Plainfield rental property, Hudson Atlantic says
The builder of a new 104-unit luxury apartment building in Plainfield has sold the property for $39 million, in a newly announced deal by Hudson Atlantic Realty.
The brokerage team said the seller, Romema Capital, completed the deal at 803 South Ave. after delivering the project in 2023. An undisclosed buyer purchased the building, known as 803 South Apartments, for a price that equates to $375,000 per unit.
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/