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May 01, 2019  

New Luxury Apartments Pitches in NJ

A new luxury apartment building in Northern New Jersey is on the market with an estimated value of $85 million.The 185-unit property, at One William Street in Englewood, opened last year and is already 98% occupied. The valuation equals $460,000/unit, indicating an initial annual yield of 4.75%. BlueGate Partners was given the brokerage assignment by Boston advisory shop GID and its partners, BNE Real Estate and Sterling Properties, both of...

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