Kushner-Griffen Partnership Sells Two NJ Apartments for $75M

The 124-unit Skyline Apartments community in Hasbrouck Heights, NJ.

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HASBROUCK HEIGHTS, NJ—A consortium of Griffen Ltd. and Kushner Companies has sold the Skyline Apartments and Boulevard Apartments communities in Hasbrouck Heights and Lodi for a combined sale price of $75.25 million.

The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steven Bardsley, David Gavin and Eric Apfel, along with Nat Gambuzza, represented Griffen and Kushner Companies in the sale and also procured the buyer, a New York-based private investment firm.

CBRE states that the properties attracted offers from 15 separate investment groups. Skyline Apartments features 124 apartments, while Boulevard Apartments is a 214-unit community. Both properties’ locations are highly convenient for regional commuting as Route 46 and I-80 are just minutes away and connect to a vast network of highways and major regional employers.