Record-Breaking Sale of The Parc at Summit in New Jersey

April 5, 2025 - 20:05

The Parc at Summit, one of New Jersey's premier garden apartment complexes, recently sold for a record price in Union County. This transaction marks a significant milestone in the local real estate market, reflecting the growing demand for multifamily housing in the region.

Situated in a highly desirable area, The Parc at Summit offers a blend of modern amenities and spacious living options that appeal to a diverse range of tenants. The complex features beautifully landscaped grounds, a variety of recreational facilities, and easy access to public transportation, making it an attractive choice for families and professionals alike.

Real estate experts attribute the record sale to the increasing interest in suburban living, especially post-pandemic, as more individuals seek larger living spaces and a community-oriented lifestyle. Investors are keenly aware of the potential for strong rental returns in such sought-after locations, further driving up property values.

The successful sale of The Parc at Summit underscores the resilience and vibrancy of New Jersey's multifamily housing market.