The Kislak Co. was recently named the exclusive sales agent for Bridgewater Square, a 100-unit townhome rental community located at 100 Bellis Court in affluent Bridgewater in Somerset County.
Constructed in 2012, the property is a Class A courtyard-style apartment complex with 100 two-bedroom luxury units in three buildings with brick and clapboard-style architecture on 10 professionally landscaped acres. Each unit features a kitchen with granite countertop, tile flooring, stainless steel appliances and in-unit washer/dryers. Other features include abundant on-site parking, clubhouse, fitness center, game room, business center and basketball court.
Senior Vice President Daniel Lanni is handling the assignment on behalf of the property owner.
“100 units in a strong market like Bridgewater rarely comes to market. This 2012 well-built asset is consistently at full occupancy and offers a buyer significant rental upside with no rent control,” Lanni said.
The prime location in Bridgewater Township provides tenants with easy access to major highways including Interstates 287 and 78 and Route 22. Bridgewater Square is within close proximity to local shopping and dining at Bridgewater Commons, as well as train service to New York City less than 15 minutes away.
The listing price is $38 million.