M id A tlantic Real Estate Journal — New Jersey — October 2025 — 15A
www.marej.com
N ew J ersey
ERSEY CITY, NJ — Hudson Atlantic Realty has arranged the sale of a Axial Partners’ Hudson County portfolio secures rare non-contingent buyer interest Hudson Atlantic Realty brokers $13.8M sale of Jersey City multifamily portfolio at record price J
and due diligence hurdles, the ability to secure a fully commit- ted, non-contingent agreement underscores the resilience of the multifamily sector and the appeal of well-located Jersey City assets. “This transaction high- lights the depth of inves- tor demand for Jersey City multifamily, even for older rent-controlled assets,” said Zweibel. “Our strategic pro- cess produced multiple quali- fied offers and ultimately delivered a record-breaking outcome for our client.” The buyer was identified by
Nick Favorito , vice president at Hudson Atlantic Realty, who added: “In today’s market, executing a non-contingent deal is extremely rare. This closing illustrates that seri- ous investors remain ready to deploy capital aggressively for the right opportunities, especially in transit-oriented submarkets like Jersey City.” The properties benefit from close proximity to Journal Square PATH station, major highways, and key employers such as Saint Peter’s Universi- ty, Jersey City Medical Center, and Christ Hospital. MAREJ
two-building multifamily portfolio in Jersey City for $13.8 million, ex- clusively b r oke r ed by Adam Zweibel ,
Nick Favorito
president of Hudson Atlantic Realty, on behalf of Abe Wein- berg of Axial Partners . The portfolio, located at 546 Bergen Avenue and 565 Ber - gen Avenue, includes 68 rent- controlled apartments and one retail space in the West Bergen / McGinley Square section of Jersey City. The sale equates to $200,000 per unit, setting a record per-unit price for older rent- controlled assets in this area of Jersey City. What makes this transaction particularly notable is that the buyers executed a hard, non- contingent contract — a rarity in today’s environment of rising interest rates, tighter lending standards, and general uncer- tainty in the capital markets. In a climate where most deals are dragging under financing NAI James E. Hanson handles 4,973 s/f office lease
546 Bergen Avenue and 565 Bergen Avenue
5 Becker Farm Rd.
ROSELAND, NJ — NAI James E. Hanson negotiated a 4,973 s/f office lease at 5 Becker Farm Rd. in Roseland. Senior vice president Andrew Somple, SIOR , and associ- ate Jeccica Curry, CCIM , represented the tenant, the National Council of Jewish Women, Essex County Section (NCJW/Essex), in the transac- tion with the landlord, Sixpad Realty, LLC . “NCJW/Essex is a vital or- ganization that has been em- powering women, children and families in our community for more than a century,” said Curry. “We were proud to help them secure a space to support their ability to continue deliv- ering vital programs and ser- vices for those in need.” MAREJ
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