Multifamily

111 Glenwood Ave, East Orange

111 Glenwood Ave, Bloomfield, NJ 07003

Listing Price: Request For Offer

Number of Units
77
Gross SF
75,835

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the 111 Glenwood Avenue a 77-unit multifamily building in East Orange, New Jersey. The property represents a unique opportunity to acquire a sizable asset with a stable cash flow. East Orange has earned a reputation as a city with ideal regional connectivity due to accessible public transportation. Each building is located within close walking distance to excellent public transportation which offers a 6-minute ride to Newark and a 24-minute ride or less to Penn Station Manhattan. The successful public transportation system has sparked new development opportunities in the city as several nearby apartment complexes are under construction. The new supply speaks to the value of the location and should continue to push rents. Additionally, the property is in proximity to shopping along Central Avenue as well as a comfortable drive from Seton Hall University and Newark International Airport. The site is situated in a strong 5-mile demographic area with a population of 775,287 and an average household income of $80,075. The 111 Glenwood Avenue offers a qualified investor the rare chance to acquire assets within a burgeoning multifamily market that boasts ideal local and regional accessibility.

Investment Highlights

  • Newly constructed fully amenitized 77 unit apartment building with 117 parking spaces
  • Currently 98% occupied with an attractive unit mix
  • 24-minute ride to Penn Station Manhattan via Brick Church Station
  • Easy access to Garden State Parkway and Route 280
  • East orange has experienced significant development and rental growth over the past 3 years and continues to be a leading emerging market in Essex county

Exclusively Listed By

Multifamily

111 Glenwood Ave, East Orange

Listing Price: Request For Offer

Number of Units
77
Gross SF
75,835

Investment Highlights

  • Newly constructed fully amenitized 77 unit apartment building with 117 parking spaces
  • Currently 98% occupied with an attractive unit mix
  • 24-minute ride to Penn Station Manhattan via Brick Church Station
  • Easy access to Garden State Parkway and Route 280
  • East orange has experienced significant development and rental growth over the past 3 years and continues to be a leading emerging market in Essex county

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the 111 Glenwood Avenue a 77-unit multifamily building in East Orange, New Jersey. The property represents a unique opportunity to acquire a sizable asset with a stable cash flow. East Orange has earned a reputation as a city with ideal regional connectivity due to accessible public transportation. Each building is located within close walking distance to excellent public transportation which offers a 6-minute ride to Newark and a 24-minute ride or less to Penn Station Manhattan. The successful public transportation system has sparked new development opportunities in the city as several nearby apartment complexes are under construction. The new supply speaks to the value of the location and should continue to push rents. Additionally, the property is in proximity to shopping along Central Avenue as well as a comfortable drive from Seton Hall University and Newark International Airport. The site is situated in a strong 5-mile demographic area with a population of 775,287 and an average household income of $80,075. The 111 Glenwood Avenue offers a qualified investor the rare chance to acquire assets within a burgeoning multifamily market that boasts ideal local and regional accessibility.

Exclusively Listed By

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