SADDLE BROOK, N.J. — 140 Mayhill, the new upscale rental community in Bergen County’s Saddle Brook Township, has enjoyed a level of success that belies the current state of the rental market.
Just months after opening, an impressive 90% of the community’s 158 one-and two- bedroom homes have been leased, according to the Value Companies, which developed 140 Mayhill in a convenient location just eight miles west of Manhattan.
While a large selection of well-appointed interior layouts and competitive monthly rates starting in the $1,500s have much to do with the success of 140 Mayhill, a strong sense of community is also playing a key role in the rising appeal of this desirable suburban address.
“Like so many businesses, the prevailing economic conditions have also affected the apartment rental market,” says Jonathan Moore, vice president of business development at Value Companies. “That’s certainly not the case at 140 Mayhill, however, which has achieved a near-lease-up in a timeframe that would have been considered notable even during the height of the market.
“Several factors can be attributed to the success we’ve had,” Mr. Moore continues. “Of course, the ability to offer upscale homes in a commuter-friendly location just off Route 80 at rental rates much more reasonable than comparable buildings in nearby Hudson County is a prime consideration. However, also contributing is the close-knit, neighborhood environment that has emerged. There’s a great deal of social interaction taking place amongst the residents, particularly in the community’s amenity spaces, which enhances the overall lifestyle we’ve created here. The developer provides the space, but it’s the residents who make the community, and they’ve certainly done that here.”
Highlighting 140 Mayhill’s activity-rich living is the community’s professionally-furnished clubroom which was merchandised by prominent interior design firm Lita Dirks & Co. and includes a catering kitchen for private events and social gatherings, large flat-screen television, Ipod docking stations and ample room for entertaining. There’s also a fully-equipped fitness center which features top-of-the-line fitness machines and free weights, flat-screen TVs and a mirrored stretching room.
“This summer, we also completed the installation of our magnificent landscaping which includes an inviting entryway, lush flower beds and shade trees, and unveiled our dog walk and barbeque patio amenities,” adds Mr. Moore.
140 Mayhill offers 158 luxurious rentals homes ranging in size from 753 square-feet to 1,300 square-feet. Homes come complete with a host of designer features and appointments, including soaring nine-to-11-foot ceilings, elegant three-inch plank hardwood floors, gorgeous French doors leading to the homes’ private balconies, Bosch washers and dryers, spacious walk-in closets with custom-designed shelving, and gourmet kitchens with full GE stainless steel appliance packages, exquisite oak cabinetry, granite kitchen countertops, designer lighting fixtures and designer blinds.
“This community also offers the utmost in convenience,” says Jacqueline Urgo, President of The Marketing Directors, Inc., the marketing and exclusive leasing agent for 140 Mayhill. “Residents benefit from 24-hour on-site maintenance service and reserved garage parking adjacent to the building.”
An added advantage of 140 Mayhill is its location near major highways and transportation outlets which whisk commuters into Manhattan and the entertainment and business centers of northern New Jersey. The neighborhood is just minutes from the Garden State Parkway, Route 80 and highways 46, 4 and 17.
“Residents have easy access to nearby attractions and activities including shopping at Garden State Plaza and Riverside Square malls; sports entertainment at Giants Stadium and recreation at the Saddle River County Park and Otto C. Pehle Park, which offer baseball fields, tennis courts, bike trails and picnic areas,” Ms. Urgo points out. “We’re also just eight miles west of Manhattan, bringing some of the world’s finest restaurants, shows and cultural attractions within easy reach.”
Monthly rents for the remaining homes at 140 Mayhill currently begin from the $1,500s. Special limited time incentives are available on some of the homes, including one month’s free rent on a lease of at least 15 months.
140 Mayhill is a continuation of Value Companies’ proven track record of building and maintaining the finest rental communities in northern New Jersey. Also in Saddle Brook are the hugely successful Ten Sampson, a new 38-residence building and the 368-residence Saddle Brook Apartments, both of which have consistently enjoyed near 100 percent occupancy and are owned and managed by affiliates of Value Companies.
For more information or to schedule a private presentation of 140 Mayhill and its furnished model residences, please call 201-556-0140 or visit www.140mayhill.com. Interested prospects can also visit the 140 Mayhill leasing office seven days a week from 10 a.m. to 6 p.m.
About Value Companies
Founded in 1952, Value Companies is a leading real estate development, investment and management company headquartered in Clifton, N. J. The company currently boasts a portfolio exceeding 3,600 residential units located throughout New Jersey, Pennsylvania, New York, Texas and Florida. From suburban master-planned communities to urban infill redevelopment, Value Companies has embarked on $100 million in new development initiatives across the luxury rental, condominium and urban mixed-use sectors.
For more information, please contact Value Companies’ headquarters at 973-473-2800 or visit www.valuecompanies.com.
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