Twenty50 at 2050 Central Road in Fort Lee — Courtesy: BlueGate Partners/JLL
By Joshua Burd
A private investor has acquired a 194-unit luxury apartment building overlooking the Hudson River in Fort Lee, brokers with BlueGate Partners and JLL announced Wednesday.
According to the firms, the property at 2050 Central Road drew interest thanks in part to its waterfront setting and its convenience for commuters. The building is within walking distance of multiple NJ Transit bus stations and has access to NY Waterway’s Edgewater Ferry Landing, while it’s just a block from the George Washington Bridge.
BlueGate’s Mark DeLillo, Marc Schulder and Lee Spiegleman and JLL’s Jose Cruz, Steve Simonelli, Mike Oliver and Elizabeth DeVesty represented the seller and procured the buyer of what’s known as Twenty50, which is 97.4 percent occupied. Additionally, BlueGate advised the buyer on acquisition financing.
Terms were not disclosed.
Completed in 2013, Twenty50 is a 12-story property with one- and two-bedroom units averaging 986 square feet, according to a news release. The pet-friendly community has a 224-space parking garage, a heated outdoor pool, coworking space, a library, a fitness center and a lounge with billiards, among other amenities.
The brokerage teams added that the broader Fort Lee area has many shopping, dining and entertainment options for residents, while the borough has four public schools ranked in the top quartile of the region.
