WESTWOOD, NJ – HFF has closed the $56.5 million sale of a four-property, 276-unit multi-housing portfolio owned by Hartz Mountain Industries in Westwood and River Vale in Bergen County, NJ. Kushner Companies purchased the properties.
The fully stabilized portfolio includes one- and two-bedroom units averaging 798 square feet.
Individual property details are listed below:
Property Name | Address | Size |
Coventry Square | 20-46 Charles Street; Westwood, NJ | 103 Units |
Stanford Place | 500 Center Avenue; Westwood, NJ | 71 Units |
The Madison | 99 Madison Avenue; Westwood, NJ | 56 Units |
Village on the Green | 229 Collignon Way; River Vale, NJ | 46 Units |
The HFF investment sales team representing the seller was led by senior managing directors José Cruz and Andrew Scandalios, managing directors Kevin O'Hearn and Jeffrey Julien and associate director Michael Oliver.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.