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800 Madison Apartments

(Kathryn Brenzel/NJ.com)

HOBOKEN — A real estate investment firm has reportedly scooped up an apartment complex —one of the highest assessed properties in the city— for $110 million.

DSF Group purchased 800 Madison Apartments, a 217-unit complex located in the northwest section of the city, real estate marketer Holliday Fenoglio Fowler L.P. announced on Wednesday. The complex sold for $110 million, NJBiz reported.

The complex ranked among Hoboken's highest assessed properties in 2013. According to the city's tax assessor's office, the complex is valued at $21.8 million. Hoboken's equalization rate — 30.93 percent— placed the complex's market value closer to $93 million.

800 Madison was built in 2008 and previously sold in 2011 for $96.5 million, according to tax records. The previous owners are listed as SPUSV5 Madison LLC.

The apartment complex includes a courtyard swimming pool, an outdoor patio, two rooftop terraces, a fitness center, a resident lounge and private garage parking, according to HFF. This purchase represents DSF's third real estate acquisition in the greater New York area in the past year.

"We are excited to further expand our portfolio in one of the strongest markets in the country," Josh Solomon, president of The DSF Group, said in a statement.

The top ten highest assessed properties in Hoboken 12 Gallery: The top ten highest assessed properties in Hoboken