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Multifamily

49 Watchung Ave, Belleville

49 Watchung Ave, Belleville, NJ 07109

Listing Price: $1,875,000

Cap Rate
5.67%
Number of Units
6
Price/Unit
$312,500
Price/Gross SF
$371.73
Gross SF
5,044

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 49 Watchung Avenue, a newly constructed, 6 unit multifamily brick veneer and vinyl siding building located in Belleville, New Jersey. The property was completed in 2021 and is 100 percent leased. The apartments include 9’ ceilings, Anderson windows, hardwood floors, cable and TV outlet in every bedroom, porcelain moroccan tile back splash, Samsung appliances, GE washer and dryer, wall mounted boilers, soft close kitchen cabinets with ambient lighting and more. 49 Watchung Avenue is a short walk to Clara Maass Medical Center, a major employer in the region. The property is also located 0.2 miles from Silver Lake Light Rail Station which offers a direct 20 minute commute to Downtown Newark, and is a half mile from the Branch Brook Light Rail Station which offers access to Manhattan in 30 minutes. The property is also located steps from the Franklin Street bus stop which offers a 45 minute commute into Manhattan. 49 Watchung Avenue has easy access to the Garden State Parkway, Route 21, and Interstate 280. The property is conveniently located near many national retailers including, Dollar Tree, CVS, Marshall’s, McDonald’s, White Castle, Popeye’s, Dunkin Donuts and more.

Investment Highlights

  • Built in 2021
  • Fully Leased
  • 0.2 miles to Silver Lake Light Rail Station which offers a 20 minute commute to Newark Penn Station

Exclusively Listed By

Multifamily

49 Watchung Ave, Belleville

Listing Price: $1,875,000

Cap Rate
5.67%
Number of Units
6
Price/Unit
$312,500
Price/Gross SF
$371.73
Gross SF
5,044

Investment Highlights

  • Built in 2021
  • Fully Leased
  • 0.2 miles to Silver Lake Light Rail Station which offers a 20 minute commute to Newark Penn Station

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 49 Watchung Avenue, a newly constructed, 6 unit multifamily brick veneer and vinyl siding building located in Belleville, New Jersey. The property was completed in 2021 and is 100 percent leased. The apartments include 9’ ceilings, Anderson windows, hardwood floors, cable and TV outlet in every bedroom, porcelain moroccan tile back splash, Samsung appliances, GE washer and dryer, wall mounted boilers, soft close kitchen cabinets with ambient lighting and more. 49 Watchung Avenue is a short walk to Clara Maass Medical Center, a major employer in the region. The property is also located 0.2 miles from Silver Lake Light Rail Station which offers a direct 20 minute commute to Downtown Newark, and is a half mile from the Branch Brook Light Rail Station which offers access to Manhattan in 30 minutes. The property is also located steps from the Franklin Street bus stop which offers a 45 minute commute into Manhattan. 49 Watchung Avenue has easy access to the Garden State Parkway, Route 21, and Interstate 280. The property is conveniently located near many national retailers including, Dollar Tree, CVS, Marshall’s, McDonald’s, White Castle, Popeye’s, Dunkin Donuts and more.

Exclusively Listed By

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