Halstead Hoboken

Located in one of New Jersey’s most sought-after urban neighborhoods, Halstead Hoboken sat at the heart of a walkable, amenity-rich, transit-connected corridor in Hoboken, NJ directly across from Manhattan. The asset had easy and direct access to all forms of transit into Manhattan – including the PATH train, Ferry, and Express Bus.

The investment opportunity centered around the opportunity to acquire a quality asset at a distressed price from a motivated institutional seller. We unlocked value at this inefficiently managed asset through targeted common area upgrades and operational enhancements.

The resident experience was improved significantly through our renovations, which included a new fitness center, courtyard, and a rooftop amenity area with dramatic views of midtown Manhattan. Our approach emphasized operational efficiency through improved utility reimbursements, aggressive real estate tax appeals, and marketing initiatives aimed at maximizing lease trade outs. This strategy helped drive consistent performance in a highly competitive urban submarket.