EAST RUTHERFORD, N.J. — A partnership between a New Jersey-based developer and an institutional owner has completed the disposition of The Monarch, a Class A apartment community located at 100-120 Schindler in East Rutherford. A private group acquired the property for $91.5 million. Situated on 15.8 acres across from the MetLife Stadium, the property features 316 units averaging 922 square feet. Community amenities include an outdoor swimming pool with sundeck, two outdoor courtyards with fire pits and grilling stations, fitness center with yoga studio, lounge with bar and gaming area, children’s play room, business center, on-site sundries store, covered parking and a two-story lobby with 24/7 concierge. Jose Cruz, Kevin O’Hearn, Stephen Simonelli, Michael Oliver and Robert Borny of HFF represented the seller in the deal.
Located in East Rutherford, N.J., The Monarch features 316 Class A apartment units.
Joint Venture Sells 316-Unit Apartment Community in New Jersey for $91.5M
162