Bijou Properties sells Hoboken multi-housing community
Bijou Properties announced that it has sold Edge Lofts, a two-building luxury multi-housing community located in Hoboken, N.J.
JLL represented the seller, Bijou Properties, and procured the buyer. Additionally, JLL worked on behalf of an institutional borrower to secure a $27 million, 10-year, fixed-rate loan through a life insurance company.
Constructed in 2013 and 2019, the two properties include five stories of residential floors over ground-floor parking garages, state-of-the-art lobbies and retail space. The community features a diverse mix of one-, two- and three-bedroom units with large floorplans averaging 975 square feet, outdoor balconies/terraces in select homes, white oak wood plank flooring, in-unit washers and dryers, stainless steel appliances and Caesarstone kitchen countertops. Community amenities include a package room, a private fitness center, fully furnished resident lounge with full bar and flat-screen TV, a common terrace with seating and grill,