The Parker 118, the new boutique rental building in downtown Rutherford, is already 50% leased just a few short weeks after opening to the public with 60 luxury residences, according to a Wednesday announcement from developer Vango Development.
The quick start at the four-story building underscores the property’s appeal to renters seeking large, well-appointed apartments in a convenient downtown setting with great access to mass transportation into New York City and Hoboken.
Monthly rents start at just $2,370 for studios to two-bedroom homes.
“With rents soaring in areas like Jersey City and Hoboken, we’re seeing more and more residents looking for alternatives that still deliver a modern lifestyle in a new-construction building with the convenience and energy of downtown living, but at more attractive pricing,” Van Golemis, a principal of Vango Development, said. “At the Parker 118, they receive all of that, along with a quick commute to Manhattan thanks to a location just two blocks from the borough’s NJ Transit train station.”
Located at 118 Park Ave., the Parker 118 sits adjacent to its sister building, which debuted in 2019 with 52 residences and 5,000 square feet of retail space that houses Steven’s Café and Song’E Napule, the popular pizzeria and trattoria. The Parker 118 adds 3,000 square feet of retail space to the burgeoning district that will include the Salad House and a high-end salon, enriching the conveniences and services for both residents of the Parker and the broader community.
Designed by Minno & Wasko Architects and Planners, with interior amenities imagined by the Childs Dreyfus Group, the Parker 118 provides a private entrance and elegant lobby and is connected to the initial Parker building via a shared landscaped courtyard. The scenic outdoor space has been designed to foster natural opportunities for residents to meet and interact with lounge seating, fire pits, barbecue grills, foosball and pingpong tables, a bar with shade canopy, lighting and music.
Shared interior amenities include a state-of-the-art ﬁtness center, coworking lounge and a resident lounge/club room with billiards, shuffleboard, and large-screen TVs. The pet-friendly, smoke-free community also provides Wi-Fi in common areas, a Butterfly Smart Phone/Video Intercom system, Amazon Hub system, bike storage and a private parking garage with electric car charging stations.
The Parker 118’s location near the Rutherford train station places commuters just one rail stop away from Secaucus Junction. New York Penn Station is less than a 30-minute train ride away, and Hoboken is less than 20 minutes away, where transfers to the PATH system are available. Rutherford station is also a bus stop for the New Jersey Transit No. 190 bus, which whisks passengers to the Port Authority in about 30 minutes.