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Multi-Family

The Palette

520 North Ave, Dunellen, NJ 08812

Listing Price: $2,500,000

Lot Size
0.63 acres
Price/Acre
$3,968,225
Land Type
Land
Buildable Square Feet
43,247

Investment Overview

Marcus & Millichap is pleased to exclusively offer The Palette, a 40-unit, shovel ready project in the historic town of Dunellen, Middlesex County, New Jersey. The opportunity provides an investor entitled rights to develop a diverse bedroom type, multi-family project.

The Palette is situated on 23, 284 square feet of land while offering a well-planned urban development which includes covered off street parking, community room, bike room and more. Strategically located within 0.40 miles from the Dunellen Train Station which provides daily, direct access to New York Penn Station. The location allows an investor to capitalize on the strong demographics of 244,541 people in a five-mile radius looking for new, diverse bedroom type, multi-family rentals.

Investment Highlights

  • Delivered shovel ready at closing
  • Approved thirty-year Payment In Lieu of Tax abatement program
  • 40 units comprising of one-, two- and three-bedroom units
  • Seven Minutes / 0.40 Miles from Dunellen Train Station
  • 244,541 people in a five mile radius
  • $124,341 average household income in a five mile radius

Exclusively Listed By

Financing By

Listing Price: $2,500,000

Lot Size
0.63 acres
Price/Acre
$3,968,225
Land Type
Land
Buildable Square Feet
43,247

Investment Highlights

  • Delivered shovel ready at closing
  • Approved thirty-year Payment In Lieu of Tax abatement program
  • 40 units comprising of one-, two- and three-bedroom units
  • Seven Minutes / 0.40 Miles from Dunellen Train Station
  • 244,541 people in a five mile radius
  • $124,341 average household income in a five mile radius

Investment Overview

Marcus & Millichap is pleased to exclusively offer The Palette, a 40-unit, shovel ready project in the historic town of Dunellen, Middlesex County, New Jersey. The opportunity provides an investor entitled rights to develop a diverse bedroom type, multi-family project.

The Palette is situated on 23, 284 square feet of land while offering a well-planned urban development which includes covered off street parking, community room, bike room and more. Strategically located within 0.40 miles from the Dunellen Train Station which provides daily, direct access to New York Penn Station. The location allows an investor to capitalize on the strong demographics of 244,541 people in a five-mile radius looking for new, diverse bedroom type, multi-family rentals.

Exclusively Listed By

Financing By

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