8B — September 13 - 6, 013 — New Jersey — Mid Atlantic Real Estate Journal
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N ortherN N ew J ersey
Eleven-Unit Complex in Bergen County Community NAI Hanson completes $1. million sale of garden apartment building in Cliffside Park laundry facilities.
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Realty LLC . Built in 1950, the two-story building, located on the corner of Palisade Avenue and Main Street, contains a mix of four studios, six one-bedroom units and one two-bedroom unit. The rent ranges from $715 for a stu- dio to $1,345 for a two-bedroom unit. Amenities include on-site
LIFFSIDE PARK, NJ — NAI James E. Hanson , a New
“Bergen County is one of the most desirable residential markets in the country, making this property a very attractive investment opportunity,” Kun- napas said. “I expect it will provide a nice return for the investor and is a great selection for a long-term hold.” n renting. Already 40% leased, the 19-story Hudson River- waterfront building features 158 one, two and three-bed- room residences, ranging in size from 759 s/f to 2,015 s/f. The Laguna marks the first of the master-planned commu- nity’s final phase of develop- ment, which will surround the neighborhood’s award-win- ning 4.25-acre park, Newport Green. “We broke the mold with the Laguna to create a product unique to existing offerings in Newport,” said Jamie Le- Frak , principal at LeFrak . “We engaged a nationally- known design firm to add up- scale finishes to every home and luxurious building ameni- ties like a screening room and rooftop lounge. Paired with Laguna’s location next to the park, the building represents the 27-year evolution of our vision to transform the Jersey City waterfront into a thriving neighborhood with open green spaces and sidewalks full of residents and visitors.” Located at 45 Park Lane South, just steps from New- port Green and the Hudson River Waterfront Walkway, Laguna offers iconic views of the Manhattan skyline, as well as a scenic perspective of Jersey City and Hoboken. Residences at Laguna feature oak wood flooring, floor-to-ceil- ing windows and in-unit Asko washer/dryers. Under the award-winning expertise of the Stevens B. Jacobs Group and Andi Pepper Design , known for designing The Edge in Brook- lyn and The Gansevoort Ho- tel in Manhattan, kitchens and baths at Laguna were outfitted with stainless steel Whirlpool appliances, quartz countertops and custom Ital- Kraft cabinetry. Bathrooms were also designed with grey Basalt tiled floors, glass mo- saic accent walls, and modern chrome fittings. n
Jersey-based commercial real estate firm, today announced the sale of an 11-unit garden apartment building at 250 Pali- sadeAve. in Cliffside Park. The site changed hands for $1.22 million. A NAI Hanson team of Di- rector of Multi-Family Group Enn Kunnapas , senior vice president Gary Sauerborn and associate vice president Domi- nic Fittizzi completed the transaction on behalf of seller, DLP LLC, and buyer, Jennell
Leasing open at LeFrak’s Laguna
JERSEy CITy, NJ — La- guna, the newest high-end residential property in the Newport neighborhood of Jer- sey City, is now available for
250 Palisade Ave. in Cliffside Park
We’ve got the capital connections to deliver the right results.
R E C E N T N O R T H M A R Q T R A N S A C T I O N S
$33,380,000 Hudson Affordable Housing SIZE: 241 UNITS CITY: HUDSON CO., NJ LENDER: LOCAL BANK
$8,000,000 Millburn Shopping Center SIZE: 66,797 SF CITY: SHORT HILLS, NJ LENDER: LIFE COMPANY
$25,000,000 New Jersey Center of Excellence SIZE: 1,175,840 SF CITY: BRIDGEWATER, NJ EQUITY: INSTITUTIONAL JOINT VENTURE
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