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Hudson Atlantic brokered the $15.6-million sale of four East Orange, NJ apartment properties near the city's train stations

East Orange Multifamily Portfolio Fetches $16M 

Hudson Atlantic Realty arranged the sale of four multifamily buildings with a combined 96 apartment units in transit-oriented East Orange, NJ for $15,600,000. The properties are located at 30 Beach St., 46 S. Arlington Ave., 6 Glenwood Ave. and 363 Park Ave., all within a short walk to the city’s downtown and train stations.  

“At a selling price of more than $162,000 per unit, this sale sets a high benchmark for the East Orange submarket signaling growing interest in secondary markets from both investors and tenants,” said Adam Zweibel, Hudson Atlantic’s managing partner. “This is just the beginning of a very bright future for New Jersey’s emerging inner-ring markets.”  

Jeffrey Otteau, the firm’s managing broker, added, “Getting this deal across the finish line required an extraordinary effort by the Hudson Atlantic Team given the complexities of orchestrating a multi-property transaction within an accelerated timeline in a rising interest rate environment.” 


Inside The Story

Hudson Atlantic

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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