INDEPENDENCE, NJ – [July 15, 2025] – Sage Investment Real Estate Advisors (Sage), a leading commercial real estate brokerage firm based in Morris County, NJ, has finalized the $42.95M sale of Woodmont Liberty Apartments, located at 2000 Woodmont Drive in Independence Township, NJ. Sage’s co-founding Partners Steve Tragash and Greg Pine exclusively represented the seller, Woodmont Properties, and procured the unnamed buyer, a long-time client.

The Sage team also includes Principal Eli Herskowitz and Analyst Angela Melillo, who recently joined the firm. This marks the fourth disposition on behalf of Woodmont Properties handled by members of the SAGE team. Past sales transactions include Metropolitan Lofts in Downtown Morristown, a 20-apartment and 106-townhome community in South Amboy and an upscale 100-unit community in Bridgewater, all in New Jersey.

“The sale of Woodmont Liberty Apartments underscores the robust demand for high-quality multifamily assets in well-located suburban markets,” said Tragash. “We’ve seen tremendous growth in areas throughout Warren County, which offers the perfect blend of lifestyle amenities and accessibility. It’s increasingly becoming a preferred outer-ring suburb for those working in or commuting to New York City and various parts of Pennsylvania, driving strong rental demand and investor interest.”

Developed by Woodmont Properties and completed in 2023, the fully stabilized Woodmont Liberty features 120 high-design apartment rental units featuring spacious one- and two-bedroom floorplans, smart-home technology and private balconies or patios in select units. Living-space elements include gourmet kitchens with stainless-steel appliances, quartz countertops and custom cabinetry, in-unit washers and dryers, walk-in closets and private balconies or patios in select units.

The community also boasts an array of resident-lifestyle conveniences. These include a state-of-the-art fitness center, a resort-style swimming pool with sundeck, stylish clubhouse with co-working spaces, resident lounge and an outdoor grilling area. Pet owners appreciate the dedicated dog park and pet wash station.

Independence Township, located in scenic Warren County, offers residents the tranquility of a suburban setting with convenient access to major employment hubs and recreational opportunities throughout the tri-state region. In addition to its beautiful landscape and diverse recreation offerings, the region has top-rated schools and an array of eclectic local shops and dining establishments.

Furthermore, Warren County provides excellent connectivity to major roadways, making it an attractive outer-ring suburb for commuters to both New York City and Eastern Pennsylvania.

In addition to this latest transaction, Sage has recently recorded sales exceeding $120M and involving more than 350 Class A and classic value-add units across New Jersey. These include closing a land sale to a local developer at 74-78 Market St., located in the heart of Morristown, and orchestrating the sale of an aggressively priced value-add offering in Palisades Park. The firm also is marketing multiple offerings across Essex, Morris, Union and Bergen counties, with several other New Jersey multifamily property deals in the pipeline.

The firm’s client base includes institutional-investment and private-equity entities as well as privately owned companies, family offices and private individuals. Established in 2024 by Tragash and Pine, SAGE focuses on New Jersey and Pennsylvania multifamily properties, shopping centers, mixed-use developments, industrial assets and land for future development.

Contact

CMM Strategic Communications I (973) 513-9580

Carin McDonald (carin@cmmstrategic.com) & Kayla Stanley (kayla@cmmstrategic.com)

Originally reported by Woodmont Properties.