NAI DiLeo-Bram & Co., said March 23 that it recently completed the sale of The Village at Falcon Point, a newly constructed, 56 unit, multifamily property located in the Port Reading neighborhood of Woodbridge. The NAI DiLeo-Bram team of David Simon, chief operating officer; along with Associates Robert DiLeo, Matthew DiLeo and Kyle Gerace, exclusively represented the seller, Falcon Partners LLC, in this transaction.
“The developers built this property with the intention of holding it for many years. Their attention to every detail and hands-on management approach enabled them to fully stabilize the property quickly in a competitive market during an unforeseen global health crisis. The buyer recognized the quality of this unique property and was excited to add it into its existing portfolio,” stated Simon.
The developers completed the final building in 2020. The community has a pleasing, townhouse-style aesthetic consisting of stone, steel awnings and siding that is consistent with condominium quality construction. The development consists of seven buildings, each containing eight units that all have their own private access, which has been an ideal feature for residents throughout the pandemic. Each unit is a corner and boasts hardwood floors, 9-foot ceilings, walk-in closets and full-height windows allowing for an abundance of natural light.
The Village at Falcon Point is just minutes from downtown Woodbridge, schools, shopping and dining options. It is convenient to several of the state’s most traveled highways including the Garden State Parkway, the New Jersey Turnpike Interstate-287 and Routes 1, 9 and 440.