Adam Zweibel recently acquired full ownership of Hudson Atlantic, a multifamily investments sales brokerage firm based in Parsippany.
By Joshua Burd
Brokerage firm Hudson Atlantic is starting a new chapter after a recent consolidation of ownership, eyeing continued growth in what will be its fourth full year in business.
Adam Zweibel, the company’s president, recently acquired the stakes of co-founders and former partners Jeffrey Otteau and Christopher Otteau. The multifamily investment brokerage is already approaching $200 million of transactions since the transition last July, having also relocated and expanded to a new headquarters in Parsippany while growing its sales team to six agents.
“Assuming full ownership of Hudson Atlantic has been a pivotal moment for the firm and a tremendous catalyst for growth,” Zweibel said. “Our accomplishments over the past six months are not only a reflection of our team’s expertise and dedication but also of the trust our clients place in us to deliver superior results in a rapidly evolving market.”
Hudson Atlantic’s recent additions include Amanda Jones as its newest sales associate, who joins Dante Fusaro and Ben Susskind in the role. Additionally, the firm has promoted Nick Favorito to vice president of multifamily sales, while noting Liana Monticello’s role as transaction manager to ensure smooth operations and oversee the back office.
Most recently, the brokerage arranged the $24.2 million trade of a newly built 77-unit luxury apartment building in the Somerset section of Franklin. In July, it announced that it represented Sharbell Development in the $20 million sale of a 64-unit apartment property in Robbinsville.
Jeffrey Otteau and Christopher Otteau, principals of Otteau Group Inc., disclosed last month that they had sold their ownership stakes in Hudson Atlantic after helping found the brokerage firm in 2021. Zweibel, meantime, said its recent growth has come amid expansion into new markets and the enhancement of proprietary analytics and technology tools that provide clients with actionable insights and a competitive edge.
“With the market dynamics in constant flux, we’ve embraced a strategy focused on agility, collaboration and delivering measurable value for our clients,” Zweibel said. “The progress we’ve achieved since the ownership restructuring, paired with our move to Parsippany and the expansion of our talented team, sets the stage for an exciting new chapter of growth and innovation for Hudson Atlantic.”