Hudson Atlantic Realty Sells Old Bridge Portfolio For $24.5 Million

Hudson Atlantic Realty has closed a significant multi-family portfolio deal in Old Bridge Township, New Jersey. The portfolio, consisting of the Old Bridge Town Center and Geick Park Residency properties, was sold for a total of $24,500,000. The sale included both conventional and active-adult apartments, as well as commercial spaces, making it a comprehensive transaction. The properties span a combined total of 86,477 square feet, resulting in a price per square foot of $283.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $24,500,000
• Address: 3996 & 4143 County Road 516, Old Bridge, NJ
• Market: Old Bridge Township

502 Jersey Avenue, LLC acted as the buyer in this deal, while Hudson Atlantic Realty served as the seller. The transaction was facilitated by Adam Zweibel of Hudson Atlantic Realty. With four multi-family deal closings already in 2022, Hudson Atlantic Realty has had a strong start to the year. The team's success in packaging multiple properties into a single transaction, targeting the right buyer profile, has allowed sellers to maximize their return on investment. Hudson Atlantic Realty continues to excel in the commercial real estate market.

For more information about Hudson Atlantic Realty, please visit their website at www.hudsonatlanticrealty.com.