Sage Real Estate Advisors arranges sale of Roselle Grande, a 119-unit apartment community
ROSELLE PARK, NJ — SAGE Real Estate Advisors of Livingston has arranged the sale of Roselle Grande, a 119-unit garden-style apartment community in Roselle Park for an undisclosed price. SAGE’s brokerage team of partners and co-founders Steve Tragash and Greg Pine, principal Eli Herskowitz and associate Katie Migner represented the seller, Roselle Grande LLC, and procured the buyer.
The trade demonstrated SAGE’s hands-on approach to steering complex commercial real estate transactions past the finish line by intervening during the closing process to resolve long-standing municipal permit issues.
“Today’s commercial real estate environment requires an engaged and knowledgeable advisor who is willing to step outside the traditional box,” said Tragash. “At SAGE, in addition to marketing properties for sale and advising on the current marketplace, we manage the friction that naturally occurs during complex deals. Transaction expertise, which comes with experience, is integral to navigating the unique challenges inherent in almost every sale. This level of specialization is one of many reasons clients trust us and continue to work with us.”
During the seller’s deliverables phase, the transaction encountered an unresolved permit issue. Recognizing the importance of a coordinated effort, SAGE spearheaded a successful resolution for which Tragash and Migner spent nearly a month consulting with and engaging engineering companies to provide the town’s construction department with required documentation.
Working directly with the local building department and dedicating weeks of intensive, hands-on coordination, SAGE effectively absorbed the operational burden to ensure a seamless path to the closing table.
“Roselle Grande is a phenomenal asset in a dense, supply-constrained market, and getting this deal across the finish line required absolute operational alignment from our entire team,” added Pine.
Built in 1970 and situated on a parcel at the intersection of Roselle Park and Kenilworth, Roselle Grande consists of four buildings offering a diverse mix of studio, one-bedroom and two-bedroom layouts. The stabilized property features historically high occupancy rates, on-site parking and dedicated laundry facilities.
Offering a rare combination of suburban livability and urban accessibility, Roselle Grande is located near top-rated local public and private schools, Kean University and major employment hubs, including NYC and Jersey City. The borough is connected via NJ Transit, the Garden State Parkway and U.S. Rte. 22.
