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.