Community to be the newest addition to the company’s growing national multifamily portfolio
Denholtz Properties announces the acquisition of Solo at North Bergen, a 214-unit, luxury multifamily community located at 4828 Tonnelle Avenue in North Bergen, N.J.
Completed in 2023, Solo at North Bergen is among Hudson County’s premier residential communities. Currently, 98% leased, the community spans three, three-story buildings with 138 units and one, five-story elevatored building with 76 units. In addition, residents enjoy access to a full resort-style amenities package including a 5,000-square-foot clubhouse with billiards and gaming tables, a state-of-the-art fitness center, an outdoor swimming pool with grilling stations and an outdoor sauna, a community dog run and a full-service package room.
Solo at North Bergen provides easy access to New York City, Jersey City, Newark and Hoboken via nearby Routes 1&9 and 3 as well as Interstates 78, 95 and 495. The community is also steps away from the Tonnelle Avenue Light Rail Station and an NJ Transit bus stop with direct access to New York City. In addition, the nearby Port Imperial/Weehawken ferry terminal provides easy connections to several locations within Manhattan.
“North Bergen’s growing population and unparalleled access to many of the region’s largest employment and entertainment hubs makes it a highly desirable location,” said Stephen Cassidy, President of Denholtz Properties. “This acquisition speaks to our commitment to expanding our multifamily portfolio through an intelligent and strategic approach to growth. We look forward to deploying our time-tested residential management platform at the property to create one of northern New Jersey’s premier residential communities.”
Solo at North Bergen is the latest to join Denholtz Properties’ growing list of recently completed or under construction residential communities that includes The Rail at Red Bank, the company’s visionary 57-unit mixed-use community adjacent to the Red Bank Train Station, and The Rail at Bound Brook, an under-construction 143-unit Class-A multifamily community located across from the Bound Brook train station that broke ground in May of 2023.
In addition to its expanding residential portfolio in New Jersey, Denholtz Properties has also bolstered its multifamily portfolio over the last several years through several strategic acquisitions including Overall Creek, a 384-unit, Class-A multifamily community in Murfreesboro, Tenn., as well as Vida Apartments, a 289-unit luxury multifamily community in Kannapolis, N.C.