2C — July 22 - August 18, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
More than 1,000 apartments in 11 separate deals Hudson Atlantic Realty off to strong start with $200+ Million in closed deals in 1st half of 2022
T he beginning of 2022 has been an incredible start to the year for Hudson Atlantic Realty . With more than $200 million in closings in the first half of the year, which included more than 1,000 apartments in 11 separate Deals, Hudson Atlantic has firmly planted its flag in the commercial real es - tate market. These impressive results in their first full year of operation are a direct result of the company’s cutting-edge market intelligence and deep relationships within the in- vestment and development
communities. Managing partner Adam Zweibel explained the suc- cess of the company, "Different from the scattershot approach of indiscriminately blasting an offering far and wide, or pocketing listings without proper exposure to the right buyers; our marketing plan begins with selectively engag- ing the right investors based upon their criteria and deal history to control exposure and maximize results. Our "Whole of Company" approach extends our reach and drives success for our clients, our professionals,
EAST ORANGE, NJ — Hudson Atlantic Realty an- nounced its latest portfolio sale of four multifamily buildings with a combined 96 apartment units in transit oriented East Orange for $15.6 million. The four properties are located at 30 Beach St., 46 S Arlington Ave., 6 Glenwood Ave., and 363 Park Ave., and are all within a short walk to the City’s down- town and train stations. Each of the properties had recently undergone renovations. The growing appeal of East Orange is attributable to its walkable downtown setting, robust range of retail services, and accessibility with both the Brick Church and East Orange Favorable local demograph- ics added to the desirability of this portfolio with 180,000 renter households living within a 5-mile radius of the properties. Adam Zweibel , managing partner of Hudson Atlantic explained the significance of this deal, “At a selling price of more than $162,000 per unit, this sale sets a high benchmark for the East Orange submarket signaling growing interest in secondary markets from both in- vestors and tenants. This is just the beginning of a very bright future for New Jersey’s emerg- ing inner-ring markets.” MAREJ Based upon the company’s record-breaking sales in the first half of the year, Hudson Atlantic is optimistic about the future as inflationary pressures typically push rents higher for income producing real estate and rising interest rates can increase apartment demand as the affordability of homeownership is diminished. Which is why both partners feel the best is yet to come for this dynamic company. MAREJ Hudson Atlantic Realty closes $15.6 Million deal on and our company:' Jeffrey Otteau , the firm’s managing broker and chief economist added that “multi- family apartments have prov- en themselves to the premier asset class for investors over the past decade because of the durability of their income streams as our economy con- tinues to transition toward a European Model.” four properties in East Orange, NJ
Hudson Atlantic Realty Advisors A Commercial Real Estate Brokerage Company
Investment Sales Specialists
Cutting Edge Market Intelligence
Unparalleled Deal Making Skills
Adam Zweibel
Jeffrey Otteau
hudsonatlanticrealty.com
732-374-9244
You only get to sell your property once, so choosing the right brokerage team matters
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