Denholtz Properties recently acquired the “Solo at North Bergen” apartment complex for $89 million. This five-story building and three three-story buildings comprise 214 apartments in total, with 76 units in the former and 138 units in the latter. Built just this year, 2023, these residences boast a 5,000 square foot clubhouse complete with an outdoor pool, sauna and fitness center as well as a grilling station – all of which were 98 percent occupied at sale time.
Jonathan Brody from Rosewood Realty Group represented Denholtz while Nat Gambuzza & Spencer Beriont from Berkadia represented SYM Investments who sold it to them at a 5.5% cap rate.
