P3 Properties and Greyhill Group acquire NJ multifamily for $125.25 Million

Riverbend at Port Imperial adds to firms’ growing Northeast multifamily portfolio

West New York, NJ — P3 Properties led by founder Harvey Rosenblatt, and Greyhill Group, led by Moshe Bloorian, Jacob Herskowitz, and Jesse Cohen, announced the acquisition of Riverbend at Port Imperial, a luxury residential community located along New Jersey’s Gold Coast waterfront in West New York, NJ, for $125.25 million.

Located within the acclaimed 200-acre Port Imperial master-planned community, Riverbend at Port Imperial is one of the Hudson Waterfront’s most prominent residential properties, offering direct access to Manhattan via NY Waterway ferry service, the Hudson-Bergen Light Rail, and major regional transportation corridors. The community features luxury studio, one-bedroom, and two-bedroom residences with expansive views of the Manhattan skyline, upscale finishes, and extensive lifestyle amenities.

Riverbend at Port Imperial is part of one of the largest waterfront developments in New Jersey history, which includes more than 300 residential units.

“This acquisition represents another important milestone in P3’s continued expansion throughout the Northeast multifamily market,” said Harvey Rosenblatt, founder and principal of P3 Properties. “Riverbend at Port Imperial is an exceptional waterfront asset in one of the region’s most dynamic and supply-constrained residential submarkets. We see tremendous long-term value in the property, its location, and the broader Port Imperial community.”

The property is situated directly along the Hudson River waterfront at Port Imperial in West New York and benefits from immediate proximity to Midtown Manhattan, Hoboken, and Jersey City.

P3 Properties and Greyhill Group plan to continue enhancing the community through strategic operational oversight, resident-focused programming, and long-term capital investment designed to further elevate the resident experience.

The company continues its rapid ascent through the North Jersey real estate market, with recent acquisitions of The World of Blue Hotel in East Rutherford and The Pennington in Passaic.

Residents enjoy access to luxury amenities including resort-style recreational spaces, fitness facilities, coworking areas, outdoor gathering spaces, and walkable retail and entertainment destinations throughout the Port Imperial district.