Hudson Atlantic Realty announces $4.5M sale of 33-unit multifamily community in Blackwood, NJ

Reflecting strong investor demand for suburban South Jersey multifamily

Blackwood, NJ — Ivanhoe Apartments, a 33-unit multifamily community consisting entirely of one-bedroom units and located in Blackwood, New Jersey, has been successfully sold for $4.5 million, or $136,364 per unit. The transaction was exclusively brokered by Adam Zweibel, President of Hudson Atlantic Realty.

The sale underscores continued and intensifying investor appetite for well-located suburban multifamily assets throughout Southern New Jersey. This marks the first time the property has been offered to the market in over 40 years. At 33 units, Ivanhoe Apartments represents the market’s most sought-after deal size, attracting serious private capital in supply-constrained markets.

Strategically positioned in Camden County, the property offers residents convenient access to Route 42 and the Atlantic City Expressway, providing a direct connection to the Philadelphia metropolitan area. Proximity to major employment centers, retail destinations, and local amenities further strengthens Blackwood’s profile as a high-demand suburban rental corridor with consistently low vacancy rates.

“This transaction is a strong reflection of where the South Jersey multifamily market stands today,” said Adam Zweibel of Hudson Atlantic Realty. “Suburban assets like Ivanhoe — well-located, stabilized, and in a market with limited new supply — are exactly what investors are competing for. Achieving over $136,000 per unit in Blackwood speaks to the depth of demand we’re seeing across the Philadelphia MSA, and we’re proud to have delivered that result for our client.”

The closing of Ivanhoe Apartments further reinforces the strength of the broader South Jersey investment market, where post-pandemic migration trends, rising rents, and constrained new apartment supply continue to drive valuations upward.

About Hudson Atlantic Realty

Hudson Atlantic Realty, led by President Adam Zweibel, specializes in multifamily investment sales and development sites throughout New Jersey and the greater New York metropolitan area. Known for its proprietary off-market deal flow, precision marketing to elite capital sources, and a track record of achieving record pricing for clients, Hudson Atlantic continues to lead the industry statewide.