BNE Real Estate Group completes 256-unit Piermont rental community in Hillsdale, New Jersey

• 256-unit rental community delivered in Bergen County
• Developed by BNE Real Estate Group, Claremont Development, and March Development
• Includes apartments and townhomes with a strong amenity package

What this delivery means for suburban New Jersey supply

The Piermont adds 256 units to Hillsdale, a suburban Bergen County market where new multifamily supply remains limited. The four-story project introduces a mix of housing types, including both traditional apartments and townhomes. This type of development reflects growing demand in suburban areas where renters want more space but are not ready to buy. For investors, suburban deliveries like this continue to fill a key gap in supply.

What the unit mix means for tenant demand

The project offers studios, one-bedroom, two-bedroom units, and larger townhomes. This range allows the property to attract a wider renter base, from individuals to families. Townhomes stand out as a higher-end rental option, offering more space and privacy. These units often command premium rents and tend to retain tenants longer, which helps stabilize income. A diversified unit mix also reduces leasing risk across different renter segments.

What amenities mean for rent growth and competition

The Piermont is built around a strong amenity package that mirrors urban luxury assets. Indoor features include coworking areas, private offices, a fitness center, a golf simulator, and multiple resident lounges. Outdoor amenities such as a pool, cabanas, fire pits, and dining areas create a full lifestyle offering. In suburban markets, these features are increasingly expected and help justify higher rents. Amenities like coworking spaces also reflect shifting renter preferences tied to remote and hybrid work.

What transit access means for long-term performance

The property benefits from proximity to the Hillsdale NJ Transit station, offering direct service to Hoboken and connections into Manhattan. This commuter access is a major driver of demand in Bergen County. Renters can access city jobs while living in a lower-density environment with more space. For landlords, this supports stable occupancy and consistent rent growth over time.

What this means for multifamily investors in New Jersey

The completion of The Piermont highlights continued strength in suburban multifamily markets across northern New Jersey. As renters continue to move outward from New York City, demand for well-located suburban rentals remains strong. Projects that combine space, amenities, and transit access are positioned to outperform. For investors, assets like this offer steady cash flow with long-term upside tied to migration and lifestyle trends.