Southside Lofts, a 64-unit Class A multifamily property located in Robbinsville, built in 2020 by Sharbell Development, closed for $20 million, according to a Tuesday announcement from Hudson Atlantic.
Adam Zweibel, president and broker of record at Hudson Atlantic, exclusively represented the seller, Sharbell, in the transaction. Zweibel also identified the buyer, who was undisclosed.
“We are thrilled to have brokered the sale of Southside Lofts, a high-quality asset in a prime location,” Zweibel said. “In a challenging capital market environment, it’s not easy to sell negative leverage deals. Our team’s expertise and ability to identify the right buyer with a compelling reason to transact allowed us to successfully close this deal.”
Southside Lofts features modern amenities and high-end finishes, making it an attractive investment opportunity. The property’s location in Robbinsville, a rapidly growing community, further enhances its appeal.
“Our ability to find the right buyer who understands the value of this property in the current market is a testament to our team’s dedication and expertise,” Zweibel said. “We are proud to have represented the seller in this transaction and look forward to continuing to deliver exceptional results for our clients.”
