Pantzer Makes Second Tri-State Deal This Year with Woodbridge Multifamily Acquisition

JLL Capital Markets arranged the $79-million sale of Avenue & Green, a 232-unit, transit-oriented luxury apartment community in Woodbridge, NJ. The property was renamed The Point Woodbridge by the buyer, Pantzer, making its second acquisition in the Tri-State area this year after The Point Stamford in July.

Senior managing directors Jose Cruz, Mike Oliver and Steve Simonelli, senior director Elizabeth DeVesty, director Austin Pierce and senior analyst CJ Anania. represented the seller, Prism Capital Partners and Northwestern Mutual. Completed in 2021, the property also includes 10,000 square feet of fully leased retail space featuring LeGrand Coffee House, Wonder and The UPS Store.

The property is located at 10 Green St. in Woodbridge, near NJ Transit’s Woodbridge Train Station, offering commuters 45-minute access to Manhattan. Avenue & Green benefits from direct access to Route 1, the NJ Turnpike and the Garden State Parkway. Additionally, the property is positioned within the Metropark/Route 1 Employment Corridor.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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 GlobeSt.com 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).

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◦Sale/Acquisition

180 Scholes St
Brooklyn, NYNew York & Tri-State + Apartment Buildings
Listing Status: Available
Listing Type: Highest & best offer
Price: $20,300,000
No. of Units: 34
Year Built: 2012
Opportunity Zone: No
Price per unit: $597,058
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25-12 Steinway Street
Astoria, NYNew York & Tri-State
Listing Status: Available
Listing Type: Distressed sale
No. of Units: 37
Building Size: 30132 Sq ft
Opportunity Zone: No
Learn More