Garfield’s River Edge luxury rental complex eyes potential $35M sale

Cushman & Wakefield is marketing the 104-unit River Edge rental complex in Garfield on behalf of Jersey City-based C6 Capital Partners, NJBIZ reported. The 3.4-acre property, located less than half a mile from the Garden State Parkway and Route 46 and two miles from the Plauderville New Jersey Transit station, is currently 98 percent leased. The complex consists of a pair of four-story buildings that include studio, one- and two-bedroom units. C6 Capital, which bought River Edge two years ago when it was built for roughly $27 million, is now reportedly looking to trade the complex for $35 million. Cushman said in marketing materials for River Edge that its units “feature nine-foot ceilings and spacious floor plans with high-quality finishes, including stainless steel appliances, granite counter tops, hardwood floors, and individual washer and dryers.” River Edge’s other amenities include an outdoor swimming pool with a tanning area, an outdoor patio, covered parking, fitness center, package concierge services and a virtual doorman. [NJBIZ]