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| Avalon Hackensack at Riverside, a multi-housing community containing 226 apartment homes located at 414 Hackensack Avenue. in Hackensack, NJ |
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| Elizabeth DeVesty |
Avalon Hackensack at
Riverside, a multi-housing community containing 226 apartment homes located at
414 Hackensack Ave. in Hackensack, New Jersey.
JLL worked on behalf of the seller. The price was not disclosed.
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| Austin Pierce |
Built in 2013, the property has been institutionally owned and maintained, currently sitting at 96% leased. The community offers an attractive apartment mix of spacious studio, one-, two- and three- bedroom apartments with select apartments featuring balconies, patios, dens and loft-style layouts.
Residents also enjoy a variety of community features
including a swimming pool with grilling area, resident clubhouse,
state-of-the-art fitness center, tenant lounge, covered garage parking, dog run
and pedestrian entry to Hackensack River County Park.
Located off Route 4, Avalon Hackensack at Riverside
offers residents convenient access to major thoroughfares such as the Garden
State Parkway (3.3 miles), Interstate 80 (3.3 miles) and Interstate 95 (4.7
miles), providing unparalleled regional connectivity.
Jose Cruz
The community is
a five-minute drive to both the Anderson Street Train Station and the Essex
Street Train Station (Pascack Valley Lines), a nine-minute walk to the bus stop
on Hackensack Avenue and less than a 10-minute drive to the George Washington
Bridge, all granting entrance to Manhattan in under one hour.
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| Michael Oliver |
Additionally, the property is strategically positioned near major regional employment centers such as Hackensack University Medical Center, while also adjacent to an array of local area amenities, including the renowned Shops at Riverside shopping mall which includes retailers such as Blooomingdale’s, The Cheesecake Factory, Ann Taylor, William Sonoma, Starbucks and AMC Theaters.
JLL Capital Markets team was led by Senior Managing Directors Jose Cruz, Michael Oliver and Steve Simonelli along with Director Elizabeth DeVesty and Associate Austin Pierce.
"We are excited to announce the sale of Avalon
Hackensack at Riverside, a premier Class A multi-housing community in
Hackensack," said Cruz.
Steve Simonelli
"The property’s amenities, convenient access to major transportation routes and proximity to employment centers and the retail amenities made it a highly sought after investment."
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Contact:
Grace Lewis,
JLL PR
Phone: +1 903 520 3478
Email: grace.lewis@jll.com
ll.com.
