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New Jersey developers acquire multifamily property in hometown

Daibes Enterprises returns to the riverfront with apartments in Edgewater
Offering a view across the river into Harlem, Edgewater Towne Center Apartments in New Jersey sold for $831,250 per unit.
Offering a view across the river into Harlem, Edgewater Towne Center Apartments in New Jersey sold for $831,250 per unit.
By Thomas Green
CoStar Research
October 13, 2025 | 5:04 P.M.

Edgewater Towne Center Apartments, a 64-unit multifamily building, is under new local ownership after Daibes Enterprises, based in Edgewater, New Jersey, completed a $53.2 million deal, or $831,250 per unit.

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News | New Jersey developers acquire multifamily property in hometown