Hudson Atlantic Realty recently announced it successfully closed on Lakeside Residences, a 52-unit luxury apartment building in Pompton Lakes, for $20 million, or $385,000-plus per unit. Built in 2022, this property boasts high-end finishes as well as a wide range of amenities including fitness center, resident lounge, game room and tenant storage.
The property is ideally located in Pompton Lakes, within a quick drive to either the downtown area with restaurants and shops as well as major employers, and is within a five-minute walk to direct bus service to Manhattan.
Adam Zweibel, a prominent figure in the multifamily investment sales brokerage industry, exclusively listed and sold Lakeside Residences. His expertise and dedication played a pivotal role in representing the seller and securing a buyer to get this deal across the finish line this.
As a testament to his ability to bring buyers and sellers together in the ever-evolving real estate market, Zweibel noted: “In a rapidly rising interest rate environment, it has been more difficult to bridge the gap between buyers and sellers. However, this transaction proves that investors still have an appetite to transact despite economic headwinds.”