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  • Writer's pictureMAREJ

Hudson Atlantic Realty closes $14.7 Million deal in Madison, NJ

Closing follows Hudson Atlantic’s successful first year of operation in 2022

Madison, NJ — Hudson Atlantic Realty is proud to announce the successful closing of Tudor House Apartments in Madison for $565,000 per unit. Built in 2015, this exceptional property included 26 luxury apartments in a classic Tudor-styled building with garage parking and in-unit laundries.

The property is ideally situated in Madison’s walkable downtown business district within a short walk to restaurants, shops, NYC-Direct train service, and within a 10-minute drive of Drew University, Fairleigh Dickinson University and Morristown Medical Center.

Adam Zweibel, the firm’s managing partner noted, “closing this sale at a record setting price and pace within only five-weeks of being exclusively listed demonstrates that deals can get done despite today’s challenging financial circumstances.” Nicholas Favorito, a sales agent with Hudson Atlantic, also participated on the transaction team.

The closing of this sale follows Hudson Atlantic’s successful first year of operation in 2022 with $293 million in closings spanning 1,300+ apartment units. Jeffrey Otteau, the firm’s Managing Broker added “our deep understanding of market dynamics together with a surgically targeted marketing plan enabled us to deliver quickly on behalf of our client”.

Hudson Atlantic is an investment brokerage firm providing services to property owners, investors, and developers of commercial real estate.


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