11-15 Silkman Place pl - Apartments FOR SALE


Irvington, NJ 07111
$2,600,000 USD
201-215-1811
11-15 Silkman Place pl, Irvington, NJ for Sale
$2,600,000 USD
Apartments - FOR SALE
1/8
null | 7.88% Cap Rate

11-15 Silkman Place pl
Irvington, NJ 07111


HIGHLIGHTS

  • New Construction Asset
  • Desirable Residential Units
  • Convenient Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the new construction multi-family building located at 11-15 Silkman Place in Irvington, New Jersey (“the Property”). The Property consists of a three-story multi-family building containing eight (8) residential units comprised of four (4), 3-Bedroom/1-Bathroom units, three (3), 2-Bedroom/1-Bathroom units, and one (1), 1-Bedroom/1-Bathroom unit with 8,974 square feet of living area on a 0.17-acre parcel of land. The new construction Property also has an on-site management/owner’s office (with a full bathroom) and features gated and covered on-site parking, and two (2), on-site laundry facilities. The new construction Property is well located along Silkman Place, a quiet tree-lined street in a densely populated residential neighborhood in the heart of Irvington. The Property is close to Clinton Avenue and Springfield Avenue, two of the area’s primary commercial corridors. 11-15 Silkman Place is 2.1-miles from East Orange Train Station, 3.5-miles from the Newark Broad Street Station and 3.4-miles from Newark’s Penn Station with direct service to Manhattan’s Penn Station. The Property also offers convenient access to the Garden State Parkway, Interstates 280 and 78, and NJ Route 21, as well as area schools, national retailers, and Downtown Newark. Irvington is a residential suburb of New York City, located in Essex County. The community is 13.5-miles west of New York City.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

8

PRICE/UNIT

$325,000

CAP RATE

7.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,545 SF

ZONING

-

APN/PARCEL ID

09-00093-0000-00007

ASK ABOUT THIS PROPERTY

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.