Kushner Cos. has sold the 360-unit Prospect Place Apartments in Hackensack, N.J., for $114.45 million.
The buyers are Khosla Capital and DKJ Equity.
Prospect Place Apartments totals 428,040 rentable square feet and consist of one-, two- and three-bedroom floorplan options. Built in 1995 and 2005, the property was recently renovated, with updated units including in-home washers and dryers, hardwood-style flooring, stainless steel appliances, and granite countertops. The building is pet-friendly and features top of the market community amenities, including two fitness centers, game room, swimming pool, resident lounge and business center as well as garage parking. The buyer has immense opportunity to continue updating original units.
Experiencing a renaissance, Hackensack’s central positioning in the county allows connectivity to everything the area has to offer, including more than 9,000 acres of outdoor parks and recreation. The property is also proximate to
