A waterfront residential building in West New York is more than 75 percent sold, thanks in large part to low mortgage rates and a rare winter surge in home buying activity.
An out-of-state investor has paid more than $31 million for a newly built, 80-unit apartment building in Union City, CBRE said, touting the sale among several recent deals in Hudson County.
Mack-Cali Realty Corp. has opened the doors to the latest project by its Roseland Residential Trust subsidiary, a 295-unit luxury apartment building on the Weehawken waterfront, where renters have leased 90 percent of the homes in barely three months.
Roseland Residential Trust is set to unveil nearly 300 new upscale apartments in Weehawken, the latest addition to the 200-acre Port Imperial development along the Hudson River.
An investor has sold more than 2,100 apartments in Hudson County for nearly $328 million, in a series of transactions brokered by Gebroe-Hammer Associates.
