Woodmont Liberty Apartments in Independance Township was sold for $42.5 million, according to Morris County-based Sage Investment Real Estate Advisors.
Located at 2000 Woodmont Drive, Woodmont Properties developed the community which was completed in 2023. The fully stabilized Woodmont Liberty features 120 high-design apartment rental units featuring spacious one- and two-bedroom floorplans, smart-home technology and private balconies or patios in select units. Living-space elements include gourmet kitchens with stainless-steel appliances, quartz countertops and custom cabinetry, in-unit washers and dryers, walk-in closets and private balconies or patios in select units.
Sage’s co-founding Partners Steve Tragash and Greg Pine exclusively represented the seller, Woodmont Properties, and procured the unnamed buyer, a long-time client.
The Sage team also includes Principal Eli Herskowitz and Analyst Angela Melillo, who recently joined the firm.
“The sale of Woodmont Liberty Apartments underscores the robust demand for high-quality multifamily assets in well-located suburban markets,” Tragash said. “We’ve seen tremendous growth in areas throughout Warren County, which offers the perfect blend of lifestyle amenities and accessibility. It’s increasingly becoming a preferred outer-ring suburb for those working in or commuting to New York City and various parts of Pennsylvania, driving strong rental demand and investor interest.”
The community also boasts an array of resident-lifestyle conveniences. These include a state-of-the-art fitness center, a resort-style swimming pool with sundeck, stylish clubhouse with co-working spaces, resident lounge and an outdoor grilling area. Pet owners appreciate the dedicated dog park and pet wash station.
Independence Township, located in scenic Warren County, offers residents the tranquility of a suburban setting with convenient access to major employment hubs and recreational opportunities throughout the tri-state region. In addition to its beautiful landscape and diverse recreation offerings, the region has top-rated schools and an array of eclectic local shops and dining establishments.
