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Class-A multi-housing community in New Jersey sells
Transactions - JULY 1, 2024

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Class-A multi-housing community in New Jersey sells

by RELEASED

JLL Capital Markets announced the sale of Avalon Hackensack at Riverside, a multi-housing community containing 226 apartment homes located at 414 Hackensack Ave. in Hackensack, N.J.

JLL worked on behalf of the seller.

Built in 2013, the property has been institutionally owned and maintained, and is 96 percent leased. The community offers an attractive apartment mix of spacious studio, one-, two- and three-bedroom apartments with select apartments featuring balconies, patios, dens and loft-style layouts.

Residents also enjoy a variety of community features, including a swimming pool with grilling area, resident clubhouse, state-of-the-art fitness center, tenant lounge, covered garage parking, dog run and pedestrian entry to Hackensack River County Park.

Located off State Route 4, Avalon Hackensack at Riverside offers residents access to major thoroughfares such as the Garden State Parkway (3.3 miles), Interstate 80 (3.3 miles) and I-95 (4.7 miles), providi

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