Mixed-Use
Irvington Mixed Use Apartments
887 Springfield Ave, Irvington, NJ 07111
Listing Price: $2,700,000
Investment Overview
Fee simple interest in 879-889 Springfield Ave, Irvington, NJ (12-unit mixed use property). This opportunity is offered at an in-place cap rate of 7.18% with a pro forma cap rate of 7.35%. The property has a Gross Potential Income of $284,487. Please reach out to the exclusive listing team for more information, including a current debt quote from MMCC (Marcus & Millichap Capital Corp).
Irvington Mixed Use Apartments
Investment Highlights
- 7.47% Cap Rate 9.01% Cash-on-Cash Return 14.06% Total Return
- Large three-bedroom apartments (8), retail spaces (4) Six of eight apartments delivered fully renovated
- Located 0.2 miles from Irvington Bus Terminal (36-minute route to Midtown Manhattan), and close proximity to Garden State Parkway, Downtown Newark employers, convenience stores, restaurants, and more.
- Rapidly growing multifamily market with numerous new construction projects nearby
Exclusively Listed By
Financing By
Listing Price: $2,700,000
Investment Highlights
- 7.47% Cap Rate 9.01% Cash-on-Cash Return 14.06% Total Return
- Large three-bedroom apartments (8), retail spaces (4) Six of eight apartments delivered fully renovated
- Located 0.2 miles from Irvington Bus Terminal (36-minute route to Midtown Manhattan), and close proximity to Garden State Parkway, Downtown Newark employers, convenience stores, restaurants, and more.
- Rapidly growing multifamily market with numerous new construction projects nearby
Investment Overview
Fee simple interest in 879-889 Springfield Ave, Irvington, NJ (12-unit mixed use property). This opportunity is offered at an in-place cap rate of 7.18% with a pro forma cap rate of 7.35%. The property has a Gross Potential Income of $284,487. Please reach out to the exclusive listing team for more information, including a current debt quote from MMCC (Marcus & Millichap Capital Corp).
Exclusively Listed By
Financing By
