CBRE representatives, led by Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE Institutional Properties, announced the $47.8 million sale of The Waverton, a Class A multifamily community in Secaucus.
CBRE represented the seller, a joint venture that included Canoe Brook as a minority partner. As part of the sale, Canoe Brook retained its ownership interest in the property.
Completed in 2022, The Waverton contains 116 apartments along with a 191-space parking garage. The property’s oversized amenity package includes a fitness center with a private yoga studio, an outdoor lounge and BBQ grills, fire pits and an outdoor TV, an expansive sundeck with waterfront views, a resident lounge with billiards and shuffleboard, and coworking and conference rooms.
“We are thrilled to have represented Canoe Brook and Woodmont Properties on the sale of The Waverton,” said Dunne. “This is a high-quality asset with extraordinary waterfront views, while the expansive amenity package rivals that of larger Class A properties in the market.”
Apartments feature spacious open layouts with luxury finishes, including stainless-steel appliances, quartz countertops, wood-style flooring throughout and a full-size washer/dryer.
Benefiting from a 30-Year PILOT, The Waverton is situated along the Hackensack River, offering sweeping waterfront views while providing convenient access to Manhattan in approximately 30 minutes via NJ Transit bus. Approximately 20% of the apartments are designated affordable.
