Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing a Class A boutique apartment community for sale in South Amboy, New Jersey. The newly constructed Woodmont Cove offers 126 market-rate residences without any income or age restriction and features a large unit size averaging 1,235 square feet in a luxury townhome construction style. The property is positioned as the only luxury rental property in South Amboy, giving Woodmont Cove pricing power due to high demand. Currently 98 percent leased, investors will benefit from a mark-to-market in rents as second-generation leases are executed.
Located at 100 Celecki Drive, Woodmont Cove is within a 10-minute walk to the South Amboy Train Station, which provides access to New York Penn Station in 55 minutes. In addition, there are ample area amenities, including an adjacent YMCA and Swim/Tennis Club, a 100-acre waterfront park and South Amboy’s downtown, along with a dog run and grilling area at the property.
Unit features include Whirlpool stainless steel appliances, gas ranges, quartz countertops, soft close cabinetry, glass tile backsplash in the kitchen, double sink vanities and porcelain tile in bathrooms, nine-foot ceilings, oversized windows, walk-in closets, private balconies in select residences and in-unit washer and dryers.
This multi-housing community for sale offers the unique opportunity for investors to acquire a best-in-class quality asset that is well positioned within its submarket in a transit-oriented location. For more information on this or other apartment communities for sale in New Jersey, please contact Kevin O’Hearn in HFF’s New Jersey office. For a listing of other apartment properties for sale, please click here.