Property
Avalon Rutherford Station
Location
East Rutherford, NJ
Size
108 Units
Value
$35.25M
Type
Sale

Avalon Rutherford Station

BlueGate Partners, LLC was been retained on an exclusive basis to arrange the sale of Avalon Rutherford Station, a core-plus apartment community located in the heart of East Rutherford, New Jersey. This offering represented a rare opportunity to acquire a transit oriented Class A apartment community in the highly-desirable, high barrier-to-entry market of Bergen County that also possessed upside potential through apartment renovations. The property consists of 108 spacious one- and two-bedroom residences in a four-story elevator building above a two-level enclosed parking garage. Located immediately adjacent to New Jersey Transit’s Rutherford Station commuter rail stop, residents can reach New York City’s Penn Station in less than 30 minutes. Avalon Rutherford Station is also located next to historic downtown Rutherford, providing residents with access to numerous retail, dining and entertainment options.