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Multifamily

Montclair Portfolio

35 S Willow St, Montclair, NJ 07042

Listing Price: $20,185,000

Cap Rate
4.95%
Number of Units
80
Price/Unit
$252,313
Price/Gross SF
$323.61
Gross SF
62,375

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale thirteen multifamily properties in Montclair, New Jersey. This rare portfolio encompasses 80 units with a mix of studios, one, two and three bedrooms. The buildings are currently 98% occupied with 33% upside in rents achievable through renovations. Montclair has six train stations with a direct train line to Midtown Manhattan in approximately thirty minutes. It also has several bus routes that bring you into New York within 40 minutes. The town is located only 15 miles from New York City and 13 miles from Newark Liberty Airport. Montclair is one of New Jersey’s most coveted towns. with a buzzing downtown, countless restaurants, shopping, and art scene; and elegant homes with scenic views and just 30 minutes from Manhattan.

Investment Highlights

  • Montclair is one of New Jersey's most coveted towns with a buzzing downtown, countless restaurants, shopping, and art scene. Montclair is known for it's elegant homes, scenic views, and proximity to M
  • The portfolio has 33% upside
  • 15 miles to Midtown NYC
  • With six train stations in the immediate area of the properties, NJ Transit offers a direct commute to Midtown Manhattan in 29 minutes

Exclusively Listed By

Listing Price: $20,185,000

Cap Rate
4.95%
Number of Units
80
Price/Unit
$252,313
Price/Gross SF
$323.61
Gross SF
62,375

Investment Highlights

  • Montclair is one of New Jersey's most coveted towns with a buzzing downtown, countless restaurants, shopping, and art scene. Montclair is known for it's elegant homes, scenic views, and proximity to M
  • The portfolio has 33% upside
  • 15 miles to Midtown NYC
  • With six train stations in the immediate area of the properties, NJ Transit offers a direct commute to Midtown Manhattan in 29 minutes

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale thirteen multifamily properties in Montclair, New Jersey. This rare portfolio encompasses 80 units with a mix of studios, one, two and three bedrooms. The buildings are currently 98% occupied with 33% upside in rents achievable through renovations. Montclair has six train stations with a direct train line to Midtown Manhattan in approximately thirty minutes. It also has several bus routes that bring you into New York within 40 minutes. The town is located only 15 miles from New York City and 13 miles from Newark Liberty Airport. Montclair is one of New Jersey’s most coveted towns. with a buzzing downtown, countless restaurants, shopping, and art scene; and elegant homes with scenic views and just 30 minutes from Manhattan.

Exclusively Listed By

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