HFF announces $43M sale of apartment property in Fairview

By Emily Bader
Fairview | Nov 8, 2018 at 10:45 am

Holliday Fenoglio Fowler L.P. announced the $43 million sale of an apartment property in Fairview on Wednesday.

The Fairview, located at 371 Bergen Blvd. within the Bergen County Hudson Waterfront submarket, is a Class A, 12-story apartment building with 146 one-, two- and three-bedroom units.

HFF marketed the property on behalf of the seller, Roizman Development Inc. J.P. Management purchased the asset.

Residences feature in-unit washers and dryers, stainless steel appliances, quartzite countertops, hardwood floors, balconies and more. The property also has amenities including a swimming pool, fitness center and covered parking.

Jose Cruz, Stephen Simonelli, Kevin O’Hearn, Michael Oliver, Jordan Avanzato and Ryan Robertson of HFF’s investment advisory team represented the seller.

“The property’s location in the heart of Fairview in Bergen County helped to drive investor interest while the recent renovation and upside in rents pushed pricing,” Cruz said.

Emily Bader | ebader@roi-nj.com | emilybader