Essex County’s ‘Nob Hill’ Apartments Sell For $130M

ROSELAND, NJ — A sprawling, 360-unit, “garden-style” apartment complex in Roseland recently sold for $130 million, a company news release states.

Last week, Livingston-based Gebroe-Hammer Associates (GHA) reported that it arranged the $130 million sale of Nob Hill Apartments at 28 Nob Hill Road from the seller – “the original developer/owner since 1978” - to its new owner, investment firm Novel Property Ventures.

“Nob Hill is one of the most prestigious, well-known properties in western Essex County and perhaps the state’s entire northern metro, attracting many high-net worth individuals from millennials to retirees,” GHA Executive Vice President Greg Pine said.

“A property of such prominence comes to market perhaps once every generation, if that,” Pine said.

The property includes a mix of one- and two-bedroom layouts, as well as three-story duplexes with ground-floor garages and storage rooms. Community amenities include a swimming pool, tennis courts, off-street parking and sundecks.

Photo: Gebroe-Hammer Associates

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