A recent multi-family complex located in North Bergen near a Hudson Bergen Light Rail station has officially changed hands as a Red Bank-based developer has bought a four-building complex.
Denholtz Properties has finalized their purchase of Solo at North Bergen, a 214-unit community at 4828 Tonnelle Avenue. The site was once home to a trailer park before the township approved plans to redevelop the five-acre lot in 2015.
Completed in 2023, Solo at North Bergen is currently 98% leased. The land was developed by SYM Properties into a community with resort-style amenities that include 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, an outdoor sauna, and a community dog run.
Solo at North Bergen is steps away from both the Tonnelle Avenue Light Rail Station and an NJ Transit bus stop. Rents for available apartments start at $2,000 for studios and run up to $3,300 for two-bedroom spaces.
“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.
Denholtz Properties’ purchase of Solo at North Bergen follows their recent opening of The Rail at Red Bank, a 57-unit mixed-use community located adjacent to the Red Bank Train Station. The company also broke ground earlier this year on The Rail at Bound Brook, a 143-unit multifamily community located across from the Bound Brook train station.