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/
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 inks sale of 14-unit Sussex apartment building for $2.6 million
An investor has purchased a 14-unit garden apartment property in Sussex County for $2.6 million, under a deal arranged by Hudson Atlantic Realty.
Located in Hamburg, the building known as King Cole Apartments benefits from its access to highways and nearby employment centers, according to the brokerage team. The firm added that the all-brick property was built in the 1950s and has spacious kitchens and basements with washer and dryer hook-ups and storage space.
https://re-nj.com/hudson-atlantic-inks-sale-of-14-unit-sussex-apartment-building-for-2-6-million/
Investor buys 46-unit Cranford apartment complex for $14.7 million, Hudson Atlantic says
Hudson Atlantic Realty has brokered the trade of a 46-unit garden apartment complex in Cranford, achieving a price of more than $318,000 per unit for the 1940s property.
The brokerage firm said the asset, Riverside Garden Apartments, changed hands among two undisclosed parties. The property at 12 Riverside Drive sold for $14.65 million, thanks in part to its location near Cranford’s train station and its walkable downtown, along with the complex’s garage parking and on-site laundry.
https://re-nj.com/investor-buys-46-unit-cranford-apartment-complex-for-14-7-million-hudson-atlantic-says/
Hudson Atlantic touts $200 million in first half volume after sales totaling more than 1,000 units
Brokerage firm Hudson Atlantic Realty is marking more than $200 million in transaction volume in the first half of 2022, having arranged the sale of more than 1,000 apartments across 11 deals.
According to the Matawan-based team, the activity has fueled a strong start in its first full year of operation. Those deals came thanks in part to what the firm described as cutting-edge market intelligence and deep relationships within the investment and development communities.
https://re-nj.com/hudson-atlantic-touts-200-million-in-first-half-volume-after-sales-totaling-more-than-1000-units/
Hudson Atlantic: Stratford apartments trade for first time in 60 years, fetching $9.5 million
The owner of an 82-unit apartment complex in Camden County has sold the property for the first time in its 59-year history, in a deal arranged by Hudson Atlantic Realty.
The seller, whose name was undisclosed, reaped $9.5 million in the trade of Cornell Manor on Columbia Avenue in Stratford. In announcing the deal, the brokerage team said the property is minutes from major highways and public transportation, providing easy access to regional employment centers including downtown Philadelphia
https://re-nj.com/hudson-atlantic-stratford-apartments-trade-for-first-time-in-60-years-fetching-9-5-million/
Four-building, 96-unit apartment portfolio in East Orange trades for $15.6 million
A private investor has purchased a four-building, 96-unit apartment portfolio in East Orange for $15.6 million, in a newly announced transaction by Hudson Atlantic Realty.
Located minutes from mass transit and the city’s downtown, the properties include 30 Beech St., 46 South Arlington Ave., 6 Glenwood Ave. and 363 Park Ave. Hudson Atlantic announced the deal Thursday, noting that each building is recently renovated with hardwood floors, upgraded kitchens, on-site laundry and separately metered utility services.
https://re-nj.com/four-building-96-unit-apartment-portfolio-in-east-orange-trades-for-15-6-million/
Bloomfield apartment building trades for $3.7 million, Hudson Atlantic says
A private buyer has purchased a 22-unit apartment building in Bloomfield for $3.65 million, according to a brokerage team with Hudson Atlantic Realty.
The firm, which announced the deal on Friday, said the property at 42 Park Ave. is in the downtown and within walking distance of two train stations. Adding to the appeal of the all-brick building is its on-site storage units and laundry, the brokerage said, noting that the collection of one- and two-bedroom units has a mix of hardwood flooring and tiled bathrooms.
https://re-nj.com/bloomfield-apartment-building-trades-for-3-7-million-hudson-atlantic-says/
Montclair owner sells 56-unit rental portfolio after 25 years, Hudson Atlantic says
A longtime owner has sold a two-building, 56-unit apartment portfolio in Montclair for $13.5 million, in a deal arranged by Hudson Atlantic Realty.
According to the brokerage team, the properties include 27 units at 10 Roosevelt Place and 29 units 47 North Fullerton Ave. The brick structures are about a half-mile apart, providing residents with a short walk to NJ Transit’s Walnut Street and Bay Street stations.
https://re-nj.com/montclair-owner-sells-56-unit-rental-portfolio-after-25-years-hudson-atlantic-says/