M id A tlantic Real Estate Journal — Owners, Developers & Managers — March 2024 — 11A
www.marej.com
O wners , D evelopers & M anagers 16-unit apartment building sells for $2.35 million
Susskind of Hudson Atlantic brokers sale of Grand Gardens Apartments in Jersey City, NJ J ERSEY CITY, NJ — Hudson Atlantic , a lead - ing real estate brokerage firm, an -
strategic approach through - out the sale process. "We are proud to have Ben as part of our team, and his success with Grand Gardens represents our commitment to delivering exceptional results for our cli - ents. The collaboration between Ben and the rest of the Hudson Atlantic team highlighted the strength of our collective exper - tise in the real estate industry," said Zweibel. Grand Gardens was built in 1950 and is situated in a prime neighborhood in Jersey City surrounded by new de - velopments all around it. The
property consists of 1- and two- bedroom apartments that have $600+ rent upside and is within walking distance to a light rail station offering a 20-minute commute to Manhattan. Hudson Atlantic continues to be a driving force in New Jersey real estate. The firm's commitment to excellence and strong bench of expertise posi - tions it as a trusted partner in achieving the real estate in - vestment goals of their clients. Hudson Atlantic is an invest - ment brokerage firm specializ - ing in multifamily investment sales in New Jersey. MAREJ
nounced the successful sale of Grand Ga r d en s , a 16-unit apartment building for $2.35 mil - lion. Grand Gardens is in
Ben Susskind
the heart of Bergen-Lafayette section of Jersey City. The property was listed, marketed, and sold by Ben Susskind , one of Hudson Atlantic’s rising stars, with support from Adam Zweibel , co-founder and man- aging partner of the firm. The property traded at an impressive 4.46% cap rate when lending rates are sig - nificantly higher provides testament to Hudson At - lantic's unparalleled ability to identify the right target buyer pool. Susskind ex - pressed his enthusiasm for a successful deal. "I am thrilled to have closed my first deal only eight months into the industry and to have played a key role in its successful sale. The support and mentorship from Zweibel and the entire Hudson Atlantic team were instrumental in achieving this outcome," said Susskind. Zweibel, commended Suss - kind for his professionalism and ANNAPOLIS, MD — Thomas Park , a commer- cial real estate and manage - ment firm, announced the launch of Thomas Park Construction , a new service line specializing in high- quality general contracting and construction manage - ment services for commercial interior projects. Thomas Park Construction fills a critical gap in the mar - ket by offering its expertise exclusively to smaller-scale commercial interior projects in the lower middle-market. With +35 years of combined development and contracting experience leading the team, Thomas Park Construction brings a wealth of knowledge and proven success to every project. MAREJ Thomas Park launches new construction services
Grand Gardens
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