Parc at Maplewood Station, a Class A, 50-unit multifamily community in Maplewood was sold for $20.25 million, according to a Monday announcement by Colliers.
A transaction team of Joseph Garibaldi, Thomas Walsh, Nick Vanderslice, and Katelyn Borovsky—now at Colliers—represented AION Partners in the transaction, marking their third sale of the asset since completion.
Built in 2013, Parc at Maplewood Station stands out as one of only nine luxury multifamily properties in Northern New Jersey, located within 750 feet of a train station, offering a direct commute to New York City.
“Parc at Maplewood Station attracted significant investor interest thanks to its unique combination of boutique scale, exceptional location, and clear upside potential,” Colliers Vice Chair Garibaldi said. “It embodies the qualities today’s multifamily investors are actively pursuing: seamless transit access, walkable amenities, and stabilized cash flow with a loyal tenant base.”
