Fort Lee, NJ – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of The Sterling, a 128-unit multifamily property located at 2055 Center Avenue in Fort Lee. The final sale price was $51,750,000.
Cushman & Wakefield’s Niko Nicolaou, Brian Whitmer, Ryan Dowd and Will Gerlin represented the seller, and procured the buyer, Blue Diamond Equities, who pre-empted the marketing process.
“Record low supply in Manhattan has caused tenants to flock toward one of New Jersey's most coveted neighborhoods, the Gold Coast,” said Nicolaou. “The Sterling is ideally situated at the intersection of Interstate 95 and Routes 46 and 5, providing swift access to Manhattan, Hoboken and Jersey City, making the property well-positioned to capture continued renter demand.”
The Sterling is a 128-unit high-rise multifamily asset consisting of 14 studio units, 56 one-bedroom units, 56 two-bedroom units and two four-bedroom units. Amenities include an updated lobby, granite countertops, stainless steel appliances, laundry facilities, pool/sundeck and ample onsite parking.
Cushman & Wakefield Arranges $51.75M Sale of The Sterling
Jayden Lapin-Tatman • 7/11/2022
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.