Building Facts
77 Park Avenue sits on a 79,400-square-foot lot just off Observer Highway, a 0.6-mile, 11-minute walk from Hoboken Terminal according to Apartments.com’s routing data. The tower holds 301 units across 16 floors, built in 2000 and renovated in 2014, per JLL’s January 2026 offering materials. Floor plans have historically spanned studios through three-bedroom units, though current live inventory stops at two bedrooms; the unit-mix section below explains why.
Who currently manages 77 Park Avenue? JRK Property Holdings, a Los Angeles investment firm, bought the building from Equity Residential in December 2025. On-site leasing and daily operations run under Two Coast Living, JRK’s property-management brand.
Pricing and Rent Trend
Base rent runs from $3,636 for a 649-square-foot studio to $5,414 for a 1,032-square-foot two-bedroom, per the live floor-plan pricing on the building’s Apartments.com listing. StreetEasy records more than 200 individual unit-level rentals at this address going back to 2019, base rent only, which lets the actual price trajectory be checked instead of assumed.
| Unit type | Comparable size | ~July 2025 avg (leases) | July 2026 asking | Change |
|---|---|---|---|---|
| Studio | 610 to 780 sq ft | $3,305 (8 leases) | $3,636 to $3,789 | +12% |
| 1 Bedroom | 690 to 800 sq ft | $3,593 (5 leases) | $3,875 to $4,519 | +17% |
| 2 Bedroom | 990 to 1,030 sq ft | $4,537 (5 leases) | $5,178 to $5,414 | +17% |
The steepest gains landed on one- and two-bedrooms, both up about 17 percent, against roughly 12 percent for studios. Unit #1508, a 649-square-foot studio, rented for $3,095 in April 2024 per StreetEasy’s transaction history; the same unit number is asking $3,671 on Apartments.com now, a 19 percent increase on identical square footage two years apart.
Has rent at 77 Park Avenue gone up recently? Yes. Comparing StreetEasy’s lease history from mid-2025 against current Apartments.com asking prices shows gains of roughly 12 percent on studios and 17 percent on one- and two-bedrooms over about a year.
Fees and NJ Deposit Rules
77 Park Avenue charges a $500 one-time pet fee plus $85 a month per pet, capped at two pets, with an 80-pound weight limit for dogs and a 25-pound limit for cats, per the building’s fee schedule on Apartments.com.
| Fee or policy | Amount | Frequency | Regulatory note |
|---|---|---|---|
| Pet fee (dog or cat) | $500 | One-time, per pet | Not a security deposit; NJ’s deposit cap doesn’t apply |
| Pet rent | $85 | Monthly, per pet | Same |
| Lease term | 10 to 16 months | Per lease | No NJ statutory min/max lease length |
| Security deposit, if charged | Up to 1.5x monthly rent | One-time | NJ Rent Security Deposit Act, N.J.S.A. 46:8-19 to 46:8-26 |
New Jersey caps residential security deposits at one and a half times the monthly rent, and requires that deposit to sit in an interest-bearing account until move-out. That cap doesn’t reach a pet fee. State law treats a pet fee as a separate, non-refundable charge, distinct from a security deposit.
Amenities
- Fitness center: full equipment floor with cardio and free weights, per Apartments.com’s amenity listing.
- Concierge and package service: staffed desk plus dry-cleaning valet.
- Third-floor sundeck: outdoor grilling stations and skyline views.
- Parking garage: public and transient parking on-site, described in JLL’s offering materials as a secondary income source for the building.
- In-unit washer/dryer and A/C: standard across current floor plans.
- Bike storage: included in the building’s unique-features list.
Location and Commute
Hoboken Terminal, with PATH and NJ Transit service, sits 0.6 miles away, an 11-minute walk per Apartments.com’s routing data. The building scores 100 out of 100 for both walkability and transit access from Local Logic, the third-party service Apartments.com licenses for those figures, and 40 out of 100 for drivability. JLL’s January 2026 offering materials put the building under 10 minutes from the Holland Tunnel and under 20 minutes from the Lincoln Tunnel by car. Local Logic keeps its scoring methodology proprietary, so the walkability figure works best as a directional estimate, unverified against the building itself.
What Residents Say
Wheree, a review-aggregation service, synthesizes resident feedback from other platforms into category scores; it rates 77 Park Avenue 8.2 out of 10 overall, built from an AI-generated summary the site labels as such. The category breakdown covers price, construction quality, design, security, and location separately, which gives more texture than a single star rating. Residents named two staff members, Beni and Carlos, in leasing and maintenance roles positively enough that Wheree’s summary calls them out by name. Praise clusters around amenities, staff responsiveness, and the location; friction clusters around construction quality and a handful of named issues covered in the next section. Wheree does not publish individual reviews, dates, or counts behind its score, so the 8.2 figure cannot be checked against source material on the page itself.
Watch-outs and Limitations
Wheree’s category breakdown names specific complaint types without dates or counts. The list below states exactly what it does and doesn’t establish.
- Ceiling damage and plumbing issues: named as recurring construction-quality complaints, without individual dates or a total count of affected units.
- False fire alarms: flagged under security and safety despite generally positive marks for concierge coverage.
- Noise and rats near the building: raised under living environment, tied to the surrounding streets more than to the building’s interior systems.
- No verifiable review count: the score is AI-generated from aggregated reviews Wheree does not display, so there’s no way to confirm how many residents reported each issue.
What do residents complain about most? Wheree’s synthesis names ceiling damage, plumbing problems, false fire alarms, and street noise or rats as recurring themes, but the source publishes no dates or counts behind them, so none of these can be sized as common or rare.
Unit Mix
Apartments.com’s current floor-plan list tops out at two bedrooms, spanning studio Waterfront and Bluewater layouts through Harborside and Seafarer two-bedrooms. StreetEasy’s transaction history tells a different story: two three-bedroom units, #1505 and #712, both 1,425 square feet, went off-market as recently as December 30, 2025, seven months before this page was checked. JLL’s own January 2026 offering materials also describe the building’s floor plans as ranging from studios to three-bedroom units. The unit type has not disappeared from the building; it has simply not been vacant and listed at the moment this page was checked.
Are three-bedroom units available at 77 Park Avenue? Not at the moment this page was checked. Apartments.com’s live listings show studios through two-bedrooms only, but StreetEasy’s transaction records and JLL’s 2026 offering materials both confirm three-bedroom floor plans exist in the building. Check current availability directly, since it changes lease by lease.
Ownership and Investment Snapshot
JRK Property Holdings, a Los Angeles investment firm managing roughly $9 billion in properties across 26 states per REBusinessOnline, bought 77 Park Avenue from Equity Residential in December 2025 as part of a three-property, $400 million portfolio deal reported by Commercial Observer.
| Metric | Figure | Source |
|---|---|---|
| Units / stories | 301 / 16 | JLL offering materials, Jan. 2026 |
| Built / renovated | 2000 / 2014 | JLL offering materials, Jan. 2026 |
| Occupancy at sale | 98.3% | JLL offering materials, Jan. 2026 |
| Hoboken 5-yr avg vacancy | 3.3% | JLL offering materials, Jan. 2026 |
| Hoboken avg household income | $229,483 | JLL offering materials, Jan. 2026 |
| Portfolio deal size | $400 million / 803 units / 3 properties | Commercial Observer, Jan. 2026 |
JRK financed the acquisition with debt arranged by CBRE’s Ryan Greer, closing it the same month it picked up Edge 1909 in Pittsburgh, part of a firm-record $1.3 billion in 2025 acquisitions reported by Multifamily Executive.
Did 77 Park Avenue just change owners? Yes. Equity Residential sold the building to JRK Property Holdings in December 2025, closing a three-property, $400 million portfolio deal that also included buildings in Seattle and Los Angeles.
Who This Building Fits
Two different searchers land on this address for different reasons, and the answer changes by profile.
- Fits a renter who wants a short PATH commute without a car: the 100/100 transit score and 11-minute walk to Hoboken Terminal cover that.
- Fits a renter who can absorb rents that rose 12 to 17 percent across every unit type in the past year.
- Doesn’t fit a renter who needs certainty about maintenance history: the only documented complaints come from an AI-aggregated score with no dates or counts attached.
- Fits an investor or buyer who tracks Hoboken multifamily comps: JRK’s per-property price wasn’t disclosed, but the $400 million, 803-unit portfolio deal sets a market reference point.
- Fits an investor or buyer who wants occupancy context: 98.3 percent occupied at sale, against a 3.3 percent five-year average submarket vacancy.
- Needs re-verification either way: every number on this page carries a source and a date, and rents especially move week to week.
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