Hudson luxury apartments sold to Swiss firm for $67M, a 20% jump from 2022 sale price
Image | Courtesy of Google Maps
The Matrix Hudson apartment complex is under its third ownership group since 2018, following a $66.75-million sale.
Matrix Hudson, a 176-unit luxury apartment complex constructed in 2016 near the municipal border between Hudson and Marlborough, has been sold for $66.75 million to an asset management firm based in Switzerland, the third time the complex has changed hands since its construction.
The three-building apartment complex located on 14.8 acres of land at 1000 Matrix Way was sold in a deal finalized on Dec. 13, according to Middlesex South Registry of Deeds records. The property was bought by Zurich Alternative Asset Management, a New York-based subsidiary of Zurich Financial Services in Switzerland.
Matrix Hudson was sold by an entity managed by Claremont Cos., a privately-owned real estate firm in Bridgewater. Claremont owns about 60 properties, including the 108-unit Oxford Court Apartments in Clinton. The firm has plans for an apartment complex in Grafton on land it purchased in February 2022, according to its website.
The sale price breaks down to a price of about $379,260 per unit. Featuring 86 one-bedroom units and 90 two-bedroom units, Matrix Hudson has an average asking rent of $2,621 and a vacancy rate of about 4.5%, according to data from real estate information provider CoStar. Amenities at the complex include an on-site playground, in-unit washer/dryers, and smart WiFi thermostats.
Claremont purchased the property in November 2022 for $55.5 million from New York-based Pantzer Properties, which itself bought the complex for $44.23 million from Westborough-based Madison Place Hudson LLC in 2018, according to Middlesex South Registry of Deeds records. The complex was formerly known as Madison Place and The Point at Hudson.
Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler of CBRE in Boston served as the listing brokers for the transaction, according to CoStar.
The property was given a tax assessment value of $56.34 million for 2024, according to Town of Hudson property records.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
WBJ Web Partners
Most Recent
Most Recent
0 Comments