Property
The Hillside Club
Location
Livingston, New Jersey
Size
80 Units
Status
Currently Marketing
Type
Sale

The Hillside Club

BlueGate Partners has been exclusively retained by the owner regarding its sale of The Hillside Club (“the Property”), a Class A multifamily community in Livingston, Essex County, New Jersey. The Property was built in 2015 and contains 80 units, including 16 that are designated as affordable. The market-rate units range from one-bedroom to two-bedroom with den, with an average market rate unit size of 1,272 square feet. The Property includes four three-story residential buildings, each with an elevator and individual garages, as well as a 3,460 square foot clubhouse. This suburban location offers a luxurious residential enclave with convenient access to a plethora of shopping and recreational options, as well as proximity to New York City and its surroundings. The Property provides investors with the stability of a three year-old asset uniquely situated in this high-income market with access to exceptional schools and significant barriers to entry. Given the large open floor plans, the Property is highly sought after by both wealthy empty-nesters and families seeking entry to the top ranked Livingston public school system.