Property
Riverwatch Commons/Richmond Ct.
Location
New Brunswick, NJ
Size
200 Units
Value
$41.1M
Type
Sale

Riverwatch Commons/Richmond Ct.

BlueGate Partners, LLC was retained on an exclusive basis to arrange the sale of Riverwatch Commons and Richmond Court, a value-add apartment community located in the heart of downtown New Brunswick, New Jersey. The community contains a total of 200 apartments in three detached buildings along the banks of the picturesque Raritan River. The property is located a short walk from New Jersey Transit’s New Brunswick train station with over 50 daily trains to New York City and other New Jersey destinations; Rutgers University and its nearly 50,000 students and faculty; the global headquarters of pharmaceutical titan Johnson & Johnson and the eclectic retail and dining options of downtown New Brunswick. Featuring studio, one- and two-bedroom layouts, Riverwatch Commons & Richmond Court has a sophisticated federalist style brick exterior with prominent bay windows and architecturally designed cornices. The transit-oriented, urban-infill location of the property affords residents tremendous access to New Brunswick and its surrounding areas, as well as the country’s largest metropolitan area, New York City, in less than one hour.