Hudson Lights in Fort Lee, New Jersey, was recently sold for $116.5 million.
The Class-A apartment community encompasses 276 units and is situated at the entrance of the George Washington Bridge along New Jersey’s Gold Coast. Completed in 2016, the property has a 91-walk score and features community amenities such as an outdoor pool with cabanas, fitness center with yoga room, resident lounge with billiards and catering kitchen, and a children’s playroom.
The seller of Hudson Lights was represented by CBRE. The CBRE team, led by Jeff Dunne, Stuart MacKenzie, Eric Apfel, Zach McHale, Fahri Ozturk, Richard Gatto, and Travis Langer, also procured the buyer. The buyer was a joint venture between Skylight Real Estate Partners and PCCP LLC.
“The property’s exceptional performance this year is indicative of Fort Lee’s resurgence coming out of the pandemic,” said CBRE’s Stuart MacKenzie. “We expect this trend to continue given Fort Lee’s proximity to New York City while also providing convenient accessibility to the greater region.”
CBRE’s Jeff Dunne added, “Skylight and PCCP will bring Hudson Lights to the next level with expanded and upgraded amenities plus the addition of small upgrades in the units.”