Hudson Atlantic Realty sells Old Bridge portfolio for $24.5M

The Matawan-based brokerage, co-founded by Adam Zweibel and Jeffrey Otteau, on Monday announced that it has already closed four multifamily deals in 2022, the latest of which was a two-property portfolio that sold for $24.5 million.

https://www.roi-nj.com/2022/03/15/real_estate/hudson-atlantic-realty-sells-old-bridge-portfolio-for-24-5m/?utm_source=ROI-NJ+MAIN+Newsletter+List+%282%2F4%2F19%29&utm_campaign=3a0c501ef7-EMAIL_CAMPAIGN_2022_03_14_10_00&utm_medium=email&utm_term=0_6732b2b110-3a0c501ef7-44335805

 


New Jersey’s Next Hot Housing Markets

With the exception of the Shore, where the market is heating up in part because of second-home buying, Jeffrey Otteau expects demand to return to pre-pandemic trends.

 

https://njmonthly.com/articles/jersey-living/new-jerseys-next-hot-housing-markets/

 


NJ's hot housing market- will there be another 'bubble burst?'

Jeffrey Otteau, managing broker at Hudson Atlantic Realty Advisors in Matawan, expects home prices to continue their climb through 2022, but not at a rate as high as what we've seen since the first quarter of 2021.

https-nj1015-com-njs-hot-housing-market-will-there-be-another-bubble-burst

 


The 25 N.J. towns where housing prices increased the most

Home prices across the state are on a tear. They increased 12% statewide last year and are expected to do the same in 2021, according to data from Otteau Group, a real estate consultancy group. But there are some towns throughout New Jersey, where median sales prices have exploded — gaining several...


 


This luxurious N.J. penthouse could break a record. It’s going for $4.6M

The low inventory, low interest rates and high demand in the residential real estate market caused prices to jump 11% in 2020. From 2013 through 2019 home prices increased about 3% each year, according to Jeffrey Otteau, a real estate economist and President of the Otteau Group.


 


These are the N.J. counties that saw the biggest spikes, dips in homes sales

Over the last 20 years, the rural markets “were crippled because they were just far and the trend was to live in places that were more convenient,” Jeffrey Otteau said. “We’re seeing a reversal of that.”


 


The housing market is hot for many reasons. Millenials are one of them.

“We’ve seen a record level of home purchases in the midst of the most severe economic recession in a century,” said Jeffrey Otteau, a real estate economist and President of the Otteau Group, a Real Estate Valuation & Consultant Company. “That’s quite extraordinary because historically it has never happened before.”


 


Suburban Home Sales Soar in the New York Region

Jeffrey Otteau, the president of the Otteau Valuation Group, based in Matawan, N.J., agreed that once-depressed urban areas would recover. “I don’t think anyone expected people would leave the city,” he said, “and never come back.”


 


NJ Retail, Office Space Vacancy Continues to Grow as Covid Drags On

According to Otteau Valuation Group, based in Matawan, retail space vacancy (including restaurants) in New Jersey is up by 4 million square feet compared to the beginning of 2020. The same goes for office space throughout the state.



ROI-NJ Presents the 2020 ROI Influencers: Real Estate List

Jeff Otteau, no one does what he does better. It's as simple as that. Otteau is the go-to source for evaluation and analysis needed to show any project is worth doing- or not worth doing.