DKJ Equity LLC Acquires Property From Kushner Companies For $114.4M In Hackensack NJ

The sale of Prospect Place Apartments, a multifamily community consisting of 360 units, has been finalized for $114,400,000. The property is located at 300 Prospect Ave, Hackensack, NJ. It includes one-, two-, and three-bedroom units equipped with stainless steel appliances and granite countertops. Additional features of the property encompass two fitness centers, a pool, game room, resident lounge, and a business center. The total square footage of the property is not provided.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $114,400,000.00
• Address: 300 Prospect Ave, Hackensack, NJ
• Market: Hackensack
• Seller: Kushner Companies
• Buyer: DKJ Equity LLC
• Seller's Representative: Jose Cruz, Steve Simonelli, Kevin O’Hearn, Michael Oliver, J.B. Bruno, and Michael Kavanagh - JLL

The deal was facilitated by JLL, with Jose Cruz, Steve Simonelli, Kevin O’Hearn, Michael Oliver, J.B. Bruno, and Michael Kavanagh representing Kushner Companies. The buyer, DKJ Equity LLC, was part of a partnership with Khosla Capital LLC in this transaction.