Hudson Atlantic Realty Managing Partner Adam Zweibel (left) and Managing Broker and Chief Economist Jeffrey Otteau lead the Matawan-based brokerage firm. — Courtesy: Hudson Atlantic
By Joshua Burd
Hudson Atlantic Realty recorded more than $293 million in closings in 2022, its first full year in business, having completed 18 deals spanning more than 1,300 apartments.
The firm, which is based in Matawan, said its activity last year included the $40.5 million sale of a 15-property, 313-unit portfolio in Irvington and the trade of 70 apartments in Monmouth County for $400 per unit. Its 2023 pipeline includes $150 million in additional sales slated to close in the first quarter alone.
“Our success comes from crafting a targeted marketing plan which controls exposure and maximizes results by identifying the optimal buyer pool for a property based upon their investment criteria and deal history,” said Adam Zweibel, Hudson Atlantic’s managing partner.
The firm’s activity in 2022 also included the sale of 46 units in Cranford for $14.65 million, which it announced in mid-November.
Jeffrey Otteau, the firm’s managing broker, added: “These results demonstrate that investors continue to seek out quality assets in desirable locations despite the current high interest rate environment.”
Investor buys 46-unit Cranford apartment complex for $14.7 million, Hudson Atlantic says
