Investment Overview

Marcus & Millichap has been hired exclusively to market the sale of The Douglas at 442-444 Main Street AKA 12 North Clinton Street in East Orange, New Jersey. Laying on a .5 acre lot, the mid-rise mixed-use development site is a 6-story tall, 68-unit dual elevator apartment building consisting of 53 one-bedrooms, 10 one-bedrooms plus dens, 5 two-bedroom apartments and 2 ground floor commercial components. The Douglas offers an extremely rare opportunity to acquire entitled plans for a luxurious mixed-use apartment building located just a few minutes walk from both Brick Church and East Orange Train Stations. Many apartments enjoy views of the Cathedral next door, New York City, Jersey City, and Newark skylines in New Jersey. The current site is strategically located on the corner of Main Street and North Clinton Avenue giving the building frontage on Main and access for cars to drive into the building through North Clinton Avenue. Located right in East Orange where their successful public transportation has attracted many new development opportunities in the city as several nearby apartment complexes have been built and are under construction. Ideally located in proximity to the massive revitalization project of Brick church street station, Seton Hall University, Newark International Airport, and a short 24-minute ride into New York Penn Station.