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.
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/
Hudson Atlantic closes $14.7 million sale of 26-unit Madison apartment building
A distinctive 26-unit apartment building in downtown Madison has traded for $14.7 million, brokers with Hudson Atlantic Realty announced Wednesday.
https://re-nj.com/hudson-atlantic-closes-14-7-million-sale-of-26-unit-madison-apartment-building/
Hudson Atlantic Realty finishes 2022 strong with $293M+ in closed deals in its 1st year
Hudson Atlantic Realty said 2022 was a huge success, as the brokerage closed more than $293 million in deals. The year included 1,300-plus apartments in 18 separate transactions — Hudson Atlantic established itself as a force in the commercial real estate market.
The Interview Issue: Christopher Otteau, managing partner and chief appraiser, the Otteau Group
Christopher Otteau remembers the early years — how the upstairs of the office of the Otteau Group sometimes doubled as a playroom.
Levin Makes Case For Rutgers Plaza Apartment Building, Residents Not Convinced
"If the board and the town do not get proactive about a proposal like this here today, in the next...5 years or 10 years, you're going to be hearing a proposal for the whole center," Christopher Otteau of the Otteau Group, said. "The idea that this is going to remain a retail and remain successful…it's just not gonna happen."
Hudson Atlantic’s Latest Apartment Sales Total $17.25M
Over the past couple of weeks, Hudson Atlantic Realty announced the sales of two apartment complexes for a cumulative $17.25 million.
https://njbiz.com/hudson-atlantics-latest-apartment-sales-total-17-25m/
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.
https://re-nj.com/hudson-atlantic-inks-sale-of-14-unit-sussex-apartment-building-for-2-6-million/