New Jersey’s investment market is showing no signs of slowing down this season, with several notable deals highlighting continued demand for stabilized multifamily and well-located retail properties. From Bloomfield to Perth Amboy to Rutherford, investors are reinforcing their appetite for income-producing assets — especially those in walkable neighborhoods with strong tenant bases.

Below is a look at three recent transactions that stood out, per Real Estate NJ.

Bloomfield: 63-Unit Historic Apartment Building Sells for Nearly $11 Million

In Bloomfield, a 63-unit apartment property — a historic, prewar building that has been well maintained over the years — changed hands for just under $11 million, per Real Estate NJ. The buyer secured a stabilized asset in a northern New Jersey market where rental demand remains consistently high, thanks to strong transit access and proximity to major employment hubs.

The building includes a mix of studio and one-bedroom units, many of which have been updated in recent years. With vacancy rates remaining tight in this part of Essex County, the sale reflects ongoing confidence in older, character-rich multifamily properties that still offer modern features and reliable occupancy.

Perth Amboy: Fully Leased Mixed-Use Building Trades for About $3 Million

A mixed-use building in Perth Amboy — featuring 10 residential units and a street-level retail space — recently sold for approximately $3 million, per Real Estate NJ. What made this deal especially attractive to buyers was its fully occupied status at closing, signaling stable cash flow from both residential and commercial tenants.

The property sits in a walkable downtown district near key commuter routes, which has continued to boost investor interest in the area. For buyers focused on mixed-use assets in urban cores, Perth Amboy remains a compelling market thanks to its accessibility, diversity of local businesses, and steady renter pool.

Rutherford: 22,000-Square-Foot Retail Center Fetches $7.35 Million

Over in Bergen County, a nearly 22,000-square-foot retail center in Rutherford sold for $7.35 million, per Real Estate NJ. Anchored by recognizable tenants such as Dunkin’ and Kiddie Academy, the center drew strong investor interest, ultimately securing a buyer who saw the long-term value in its tenant mix and high-visibility location.

Retail may be evolving, but neighborhood shopping centers with established brands — especially those in affluent, well-trafficked suburbs — continue to perform well. This sale is a reminder that brick-and-mortar retail remains a solid play when tied to daily-needs tenants and strong community anchors.

What These Deals Say About the NJ Market Right Now

Taken together, these transactions illustrate a few clear trends in New Jersey commercial real estate:

• Stabilized properties are leading the pack. Investors are gravitating toward assets with dependable occupancy and predictable income.
  
  
• Multifamily demand is staying strong. Rental properties — even in older buildings — continue to command competitive pricing when updated and centrally located.
  
  
• Retail isn’t going anywhere. Well-positioned centers with essential-service tenants remain highly attractive, especially in suburban markets.
  
  
• Walkability and transit access still matter. Properties near downtown cores, major highways, and transit stops are topping investor wish lists.

New Jersey continues to prove itself as a resilient and diverse investment environment, even amid shifting market conditions. And with more deals expected to close before year-end, the state’s real estate sector is positioned to remain active across multiple asset classes.