P3 Properties and Greyhill Group acquire New Jersey multifamily, Riverbend at Port Imperial, for $125.25 million

 

 

West New York, NJ P3 Properties, led by founder Harvey Rosenblatt, and Greyhill Group, led by Moshe Bloorian, Jacob Herskowitz, and Jesse Cohen, acquired Riverbend at Port Imperial, a residential community located along New Jersey’s Gold Coast waterfront for $125.25 million.

Terms of the transaction were not disclosed.

Located within the 200-acre Port Imperial master-planned community, Riverbend at Port Imperial is one of the Hudson Waterfront’s most prominent residential properties, offering direct access to Manhattan via NY Waterway ferry service, the Hudson-Bergen Light Rail, and major regional transportation corridors. The community features studio, one-bedroom, and two-bedroom residences with views of the Manhattan skyline, and amenities.

Riverbend at Port Imperial is part of one of the largest waterfront developments in New Jersey history, which includes more than 300 residential units.

“This acquisition represents another important milestone in P3’s continued expansion throughout the Northeast multifamily market,” said Rosenblatt. “Riverbend at Port Imperial is an exceptional waterfront asset in one of the region’s most dynamic and supply-constrained residential submarkets. We see tremendous long-term value in the property, its location, and the broader Port Imperial community.”

The property is situated along the Hudson River waterfront and benefits from proximity to Midtown Manhattan, Hoboken, and Jersey City. Residents amenities including recreational spaces, fitness facilities, coworking areas, outdoor gathering spaces, and walkable retail and entertainment destinations throughout the Port Imperial district.

P3 Properties and Greyhill Group plan to continue enhancing the community through operational oversight, resident-focused programming, and long-term capital investment.