Ridge Pointe, a 132-unit luxury multi-housing community located in Fort Lee, is available for sale, JLL announced Thursday.
JLL officials say the property offers a unique opportunity for investors to acquire a high-end residential asset in one of the region’s most sought-after locations.
Situated one mile from the George Washington Bridge, Ridge Pointe provides direct access to Manhattan, making it an ideal residence for commuters and city enthusiasts. The property boasts spacious units averaging over 1,296 square feet, catering to modern living needs with newly renovated interiors and high-end finishes.
Residents of Ridge Pointe enjoy over 20,000 square feet of luxury amenities, including breathtaking panoramic views of Manhattan and Fort Lee. The community is strategically located near Fort Lee’s top-tier school system, with public schools consistently ranked in the region’s top quartile. Additionally, the property benefits from exceptional regional highway connectivity, with direct access to I-95, Route 9W, and the Palisades Interstate Parkway.
The surrounding area is characterized by an impressive average household income of $147,000 within a one-mile radius, further enhancing the property’s appeal. Ridge Pointe also offers embedded upside potential, including a mark-to-market opportunity and the future delivery of additional parking garage spaces.
The property, located at 1 Executive Drive in Fort Lee, spans seven stories and features 171,128 square feet of rentable space. It includes 83 covered parking spaces, 35 surface spaces, and 118 total parking spaces. Additionally, Ridge Pointe offers approximately 7,725 square feet of commercial space, adding to its investment potential.
JLL’s marketing team, led by senior managing directors Jose Cruz, Mike Oliver and Steve Simonelli, are handling the sale. Financing inquiries can be directed to senior managing director Thomas Didio, Jr., and senior director Gerard Quinn.
