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Transactions - JULY 27, 2022

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$82m sale of New Jersey multi-housing community

by Released

An affiliate of Harbor Group International has sold The Mark Parsippany, a 212-unit, four-story, class A luxury apartment community in Parsippany, N.J.

An affiliate of The DSF Group acquired the asset.

The Mark features studio, one- and two-bedroom apartments with an average unit size of 911 square feet. Each unit offers stainless-steel appliance packages, wood-look plank flooring, luxurious walk-in showers, chef-inspired kitchens outfitted with quartz countertops and elegant islands, high-end custom cabinetry, keyless entry, and full-size washers and dryers.

Located at 1715 U.S. Route 46, the property benefits from its convenient access to Route 46 and  Route 10, two of North Jersey’s major thoroughfares. The property is a short drive from downtown Morristown’s boutique shops, high-end retailers and more than 75 bars/restaurants. Additionally, The Mark allows easy access to the Morristown CBD and is just 35 miles west of New York City.

 

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