Tag:

Luxury apartment

Piscataway, NJ
Your Community
$35.075M Sale: Luxury 110-Unit Piscataway Apartment Community Trades Hands $35.075M Sale: Luxury 110-Unit Piscataway Apartment Community Trades Hands
$35.075M Sale: Luxury 110-Unit Piscataway Apartment Community Trades Hands A luxury 110-unit apartment community in Piscataway has sold for $35.075 million, officials announced Thursday, Feb. 19. JLL Capital Markets said it represented Landmark Companies in their $35.075 million acquisition of The Grove at Piscataway, located at 67 Old New Brunswick Rd., just off Interstate 287 in Piscataway. The 107,596-square-foot community was built in 2020 and is currently 95% occupied. The property includes 88 market-rate units and 22 affordable units across three residential buildings and a clubhouse, with one-, two-, and two-bedroom plus den apartments averaging 978 square …

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by Cecilia Levine
Cambridge, MA
On Your Side
Cambridge Luxury Building Near Harvard, MIT Secures $23M Loan Cambridge Luxury Building Near Harvard, MIT Secures $23M Loan
Cambridge Luxury Building Near Harvard, MIT Secures $23M Loan A seven-story luxury apartment building in Cambridge has secured a major refinancing in one of the city’s most sought-after corridors. JLL Capital Markets arranged a $23 million senior loan for the 65-unit property at 1008 Massachusetts Ave., the company announced on Wednesday, Dec. 17. The building sits between Harvard Square and Central Square and is steps from Harvard University and the Massachusetts Institute of Technology Built in 1999, the building features studios and one- and two-bedroom apartments. Ground-floor retail space is occupied by Gibson Sotheby’s International Realty. Ame…

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by Josh Lanier
Hackensack, NJ
Your Community
$20M Loan Secured For Boutique Luxury Hackensack Apartments Refinancing $20M Loan Secured For Boutique Luxury Hackensack Apartments Refinancing
$20M Loan Secured For Boutique Luxury Hackensack Apartments Refinancing A luxury apartment building in Hackensack’s revitalized downtown has secured $20.1 million in financing, real estate services firm Cushman & Wakefield announced. The firm served as exclusive advisor to Cannon Hill Capital Partners and The Hampshire Companies in arranging the loan for Crossroads 389, an 82-unit multifamily property at 389 Main Street. The five-year, floating-rate loan was provided by Forbright Bank. “Crossroads 389 is well-positioned for success in the thriving Hackensack multifamily market, which has become a vibrant live-work-play destination in Northern New Jersey,” s…

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by Cecilia Levine
National Interest
$113M Luxury Long Branch Complex Sells Near Netflix's $1B Campus $113M Luxury Long Branch Complex Sells Near Netflix's $1B Campus
$113M Luxury Long Branch Complex Sells Near Netflix's $1B Campus A luxury beachfront apartment complex at the Jersey Shore has sold for a staggering $113 million, real estate officials announced just after Netflix's groundbreaking ceremony at its nearby $1 billion campus. The 170-unit Ocean Gate community at 30 Ocean Boulevard in Long Branch — just steps from the beach — was acquired by Lincoln Equities in partnership with RWN Real Estate Partners and Avenue Realty Capital, according to Cushman & Wakefield. “Ocean Gate is a highly amenitized property located in one of the fastest-growing areas of Monmouth County, which is what attracted Lincoln Equit…

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by Cecilia Levine
New Rochelle, NY
Your Community
Work Nears Completion On 27-Story Apartment Tower In New Rochelle Work Nears Completion On 27-Story Apartment Tower In New Rochelle
Work Nears Completion On 27-Story Apartment Tower In New Rochelle The superstructure of a 27-story luxury apartment tower located in the downtown area of a Westchester County city has been completed.  The topping off of 33 Westchester Place in downtown New Rochelle, a tower that will contain 315 luxury apartments, was held on Monday, Aug. 19, according to developer Allstate Ventures.  Work on the 27-story tower originally began in May 2023. When it is completed, the development will have 110 studios, 161 one-bedroom units, and 44 two-bedroom units.  Each unit will boast built-in appliances, quartz counters, tiled walk-in showers,…

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by Ben Crnic
Hackensack, NJ
Your Community
NYC Developer Buys Hackensack Building For $36M NYC Developer Buys Hackensack Building For $36M
NYC Developer Buys Hackensack Building For $36M A New York City developer has bought a luxury apartment building in Hackensack for $36 million, TheRealDeal reports. The VUE Hackensack on Polifly Road is now owned by Sutton Equity, whose executives claim the off-market purchase was motivated by New York City's recent rent control increase, according to the outlet. The building has 78 units, most of which are two bedrooms in the 1,200 square feet range, Apartments.com says. The average monthly rent is $2,650. Click here for more from TheRealDeal.

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by Nicole Acosta