M id A tlantic Real Estate Journal — Southern New Jersey — July 2026 — 23
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S outhern N ew J ersey Reflecting strong investor demand for suburban South Jersey multifamily Hudson Atlantic Realty announces $4.5M sale of 33-unit multifamily community in Blackwood, NJ
LACKWOOD, N J — Ivanhoe Apartments, a 33-unit multifamily community consisting entirely of one-bedroom units and lo- cated in Blackwood, New Jer- sey, has been successfully sold for $4.5 million, or $136,364 per unit. The transaction was exclusively brokered by Adam Zweibel , President of Hud- son Atlantic Realty . The sale underscores con- tinued and intensifying inves- tor appetite for well-located suburban multifamily assets throughout Southern New Jersey. This marks the first time the property has been offered to the market in over 40 years. At 33 units, Ivanhoe Apartments represents the market’s most sought-after deal size, attracting serious private capital in supply- constrained markets. Strategically positioned in Camden County, the property offers residents convenient access to Route 42 and the Atlantic City Expressway, providing a direct connection to the Philadelphia metro - politan area. Proximity to major employment centers, retail destinations, and local amenities further strength- ens Blackwood’s profile as a high-demand suburban rental corridor with consistently low vacancy rates. “This transaction is a strong reflection of where the South Jersey multifamily market stands today,” said Adam Zwei- bel of Hudson Atlantic Realty. “Suburban assets like Ivanhoe — well-located, stabilized, and B Rose CRE brokers Medford land preservation sale MEDFORD, NJ — Rose Commercial Real Estate an- nounced the sale of 131 Church Rd. in Medford, preserving 11.9 acres of open space in the heart of the township. The property, located just steps from Johnson’s Corner Farm and less than one-half mile from Lenape High School, was sold by Burk Jakominich Corp. to Medford Twp. for $973,700. Jeff Lucas , director of busi- ness development at Rose CRE, represented both the buyer and seller in the transaction and played a key role in bringing the preservation effort to comple- tion. Lucas secured the wetlands delineation needed to complete the appraisal process. MAREJ
in a market with limited new supply — are exactly what investors are competing for. Achieving over $136,000 per unit in Blackwood speaks to the depth of demand we’re seeing across the Philadel - phia MSA, and we’re proud to have delivered that result for our client.” The closing of Ivanhoe Apartments further reinforces the strength of the broader South Jersey investment mar- ket, where post-pandemic migration trends, rising rents, and constrained new apart- ment supply continue to drive
valuations upward.
About Hudson Atlantic Realty
Hudson Atlantic Realty, led by President Adam Zwei - bel, specializes in multifam- ily investment sales and de- velopment sites throughout New Jersey and the greater New York metropolitan area. Known for its proprietary off- market deal flow, precision marketing to elite capital sources, and a track record of achieving record pricing for clients, Hudson Atlantic continues to lead the industry statewide. MAREJ
Ivanhoe Apartments
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