Mixed-Use
Springfield Mixed Use Apartments
879 Springfield Ave, Irvington, NJ 07111
Listing Price: $2,825,000
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).
Springfield Mixed Use Apartments
Investment Highlights
- In-place 7.18% Cap Rate
- Large three-bedroom apartments (8), retail spaces (4)
- 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: $2,825,000
Investment Highlights
- In-place 7.18% Cap Rate
- Large three-bedroom apartments (8), retail spaces (4)
- 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
