Zweibel represents the seller, Sharbell Development, in the transaction
ROBBINSVILLE, NJ — Hudson Atlantic announced the successful sale of Southside Lofts, a 64-unit class A multifamily property located in Robbinsville. The property, built in 2020 by Sharbell Development, closed for $20 million at a 5.7% cap rate.
Adam Zweibel, president and Broker of Record at Hudson Atlantic, represented the seller, Sharbell Development, in the transaction. Zweibel also identified the buyer, who was undisclosed.
“We are thrilled to have brokered the sale of Southside Lofts, a high-quality asset in a prime location,” said Zweibel. “In a challenging capital market environment, it’s not easy to sell negative leverage deals. Our team’s expertise and ability to identify the right buyer with a compelling reason to transact allowed us to successfully close this deal.”
Southside Lofts features modern amenities and high-end finishes, making it an attractive investment opportunity. The property’s location in Robbinsville, a rapidly growing community, further enhances its appeal.
“Our ability to find the right buyer who understands the value of this property in the current market is a testament to our team’s dedication and expertise,” added Zweibel. “We are proud to have represented the seller in this transaction and look forward to continuing to deliver exceptional results for our clients.”
About Hudson Atlantic:
Hudson Atlantic is a leading commercial real estate brokerage firm specializing in the sale and acquisition of multifamily properties throughout all of New Jersey. With a team of experienced professionals, the firm is committed to providing exceptional service and delivering superior results for its clients.
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