It’s been ten years since 140 Mayhill made its heralded debut as a signature apartment community in Bergen County’s Saddle Brook Township. A decade later, the 158-home neighborhood serves as an excellent case study on how to stay well ahead of the pack in a crowded rental market.
Introduced in 2009 by award winning developer/owner/manager Value Companies, Inc. 140 Mayhill was immediately greeted with strong public interest and achieved the impressive mark of 100% leased just months after opening. That high occupancy rate continues today thanks in large measure to key improvements made by Value Cos and a proactive approach to management that have kept the rental community in line with the area’s most modern apartment offerings.
Strategic upgrades and programs implemented by Value Cos. over the past few years have enabled 140 Mayhill to offer a contemporary lifestyle complete with stylish homes and state-of-the-art amenities at rental pricing that’s very favorable when compared to other Bergen County offerings, according to Jack Linefsky, Vice President of Property Management for the Clifton, NJ-based firm.
“The Bergen County market has been incredibly competitive with new properties springing up in cities such as Ft. Lee, Englewood and Rutherford, all with the latest design features and amenities,” Mr. Linefsky commented. “Competition is healthy and it drove us to look at avenues to greatly modernize and improve 140 Mayhill, while maintaining a moderate pricing structure. In doing so, we’ve created a fashionable living experience at an affordable price — an incredibly attractive scenario that’s allowed us achieve steady occupancy rates well above 90%.”
The modernization of 140 Mayhill can be seen inside and out. In 2015 Value Cos. teamed up with PSE&G to complete an energy efficient renovation to the community’s parking facility. Participating in PSE&G’s Energy Efficiency Extension Program for Residential Multifamily Housing, Value Companies retrofitted the community’s parking garage with LED outdoor lighting to significantly reduce energy costs and energy consumption at the property. Installed in the facility’s entryways, parking areas and stairwells, the new lighting also improves illumination level with brighter white-spectrum lighting to provide greater safety and increases aesthetic look.
Homes themselves at 140 Mayhill have been upgraded to include LED lighting and new kitchen backsplashes to modernize and make rental homes more energy efficient.
The community’s resident experience has also been significantly enhanced with key additions to the five-star recreational amenities at 140 Mayhill. Most notably, the next generation in private, in-home fitness has joined the community’s fully-equipped fitness center. The state-of-the-art facility now boasts two Peloton® bikes, providing renters live and on-demand cycling studio class experiences and expert instruction just feet from their front door. The Peloton® bike combines with top-of-the-line fitness machines and free weights, elliptical machine, flat-screen TVs and a mirrored stretching room to create a complete fitness and health center.
What’s more, the 140 Mayhill clubroom has been refurnished and restyled by prominent interior design firm Lita Dirks & Co. The clubroom includes a catering kitchen for private events and social gatherings, shuffleboard, large flat-screen television, Ipod docking stations and ample room for entertaining. Outside, there’s a BBQ area.
Residences at 140 Mayhill range in size from 753 square-feet to 1,300 square-feet and 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.
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.
For more information on 140 Mayhill, please call 201-556-0140 or visit www.140mayhill.com.
About Value Companies
Value Companies, founded in 1952, is a leading real estate development, investment and management company. Across its development division, Value Companies has embarked in new apartment developments and investments in strategic suburban and urban locations throughout the country. Value’s development success is directly tied to its steadfast commitment and expertise in multifamily housing, and its ability to introduce new housing products that address consumer and community needs.
Value’s residential properties are built and managed by a highly-skilled, in-house management team of more than 80 industry professionals which oversee all aspects of Value’s communities, including construction, leasing, maintenance, property management and administration. Value’s third-party management business, Value Asset Management (VAM), provides full-service management capabilities and customized asset solutions to a growing list of third-party real estate investment and property owner clients. Value Companies also received numerous industry awards for its various properties as well as being a 4-time recipient of the New Jersey Apartment Association Management Company of the Year award.