July 10, 2019
Diversified Properties LLC has broken ground on 480 Flatz, a 35-unit luxury apartment building in East Rutherford, NJ. Located at 480 Paterson Ave., the four-story transit-served property will encompass a mix of one, two and three-bedroom apartments, including five units designated as affordable housing.
The project is convenient to both major highways and NJ Transit train stations in Rutherford and Wood-Ridge. 480 Flatz will appeal to commuters wanting to take advantage of a prime Bergen County address just 10 miles outside of New York City, said Diversified Properties principal Nicholas Minoia. Initial occupancy is scheduled for spring 2020.
“Demand for well-located, luxury rental product in this Bergen County market remains strong,” said Minoia. “This community will cater to residents in search of commuting convenience and a true maintenance-free lifestyle.”
The long-delayed American Dream retail and entertainment complex is now slated to open in October, not far from 480 Flatz.
Connect Texas Multifamily will take place August 15, 2019 in Dallas. For more information, or to register, click here.
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