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 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/
Hudson Atlantic Realty closes sales of Riverside Garden apartments in Cranford for $14.65M
Hudson Atlantic Realty on Thursday announced its latest deal, the $14.65 million sale of a 46-unit apartment property in Cranford.