Solaris Lofts at 65 Maple St. in Jersey City — Courtesy: JLL
By Joshua Burd
A family-owned real estate firm has purchased a newly built, 72-unit apartment building in Jersey City for nearly $32 million, according to a brokerage team with JLL.
Built in 2019, the five-story Solaris Lofts has brought studio, one-bedroom, two-bedroom and three-bedroom homes and upscale amenities to 65 Maple St., part of the city’s growing Bergen-Lafayette neighborhood. JLL marketed the property on behalf of the seller, PERE, in the $31.9 million deal with Beachwold Residential LLC.
“Jersey City and the Hudson waterfront have seen an incredible bounce back since the heart of COVID, with increased occupancies, limited concessions and strong rent growth,” JLL’s Michael Oliver said. “Solaris Lofts is a beautiful boutique building in a burgeoning neighborhood of Jersey City. The Beachwold team will be able to leverage off their existing portfolio in the area and see continued success with this new investment.”
Oliver brokered the sale alongside JLL’s Jose Cruz, Steve Simonelli, Kevin O’Hearn and Josh Stein. In a news release, they noted that Solaris Lofts has drawn renters with its high-end finishes and amenities such as electric car charging stations, a fleet of deluxe commuter bicycles, a fitness center, a yoga room with daily classes and a roof deck with views of the Manhattan skyline, among others.
Residents are minutes from the Hudson waterfront and other surrounding destinations, while they are a block from Hudson-Bergen Light Rail service at Liberty State Park and less than a half-mile from Interstate 78. JLL added that there are multiple restaurants and bars within a five-block radius.
