BAYONNE, NJ — Adam Zweibel, president of Hudson Atlantic Realty and Zweibel Multifamily Group, and the exclusive listing broker for the seller, announced the closing of the sale of Senior Horizons at Bayonne Urban Renewal, LLC, a 59-unit senior affordable housing community located at 74 Lexington Ave. in Bayonne.
The transaction stood out for its exceptional complexity, involving multiple overlapping regulatory restrictions, layered public financing, decades-long compliance obligations, and approvals from multiple government agencies — all typical of Low-Income Housing Tax Credit (LIHTC) rehabilitation projects.
Hudson Atlantic Realty navigates complex sale of 59-unit affordable senior housing community
BAYONNE, NJ — Adam Zweibel, president of Hudson Atlantic Realty and Zweibel Multifamily Group, and the exclusive listing broker for the seller, announced the closing of the sale of Senior Horizons at Bayonne Urban Renewal, LLC, a 59-unit senior affordable housing community located at 74 Lexington Ave. in Bayonne.
Source: MAREJ – Page 37