179 Brunswick Ave - Apartments FOR SALE
Trenton, NJ 08618 |
179 Brunswick Ave
Trenton, NJ 08618
HIGHLIGHTS
- Cityside Apartments in Trenton, NJ | Capital City of New Jersey | Within 60 Miles of NYC and Philadelphia
- 100% Project-Based Section 8 Subsidy Contracts | 20 Year Extension Under Option 3b in 2012 (Fmr Mod Rehab Project)
- 71 of 108 Buildings are Located in Qualified Census Tract (QCT) | 30% Eligible Basis Boost for Federal LIHTC
- Trenton Apartment Occupancy at All-Time High (98.2%) | Benefitting From Population and Income Growth Driven By Record Low Local Unemployment (3%)
- Steady Local Population Growth | Trenton's Population Grew by 5.6% Since 2010 (Census.gov)
- Strong Projected Growth | Oxford Economics Expects Population Growth in Trenton to Continue Estimating At Least 3,000 New Residents Quarterly Through
OVERVIEW
SAB Capital is pleased to present Cityside Apartments I&II, a family-designated apartment community in Trenton, NJ. The property includes 108, two-story apartment buildings. The property's current mix includes 28 one bedroom, 86 two bedroom, 75 three bedroom, and 42 four bedroom apartments. Amenities include a laundry center, parking, and an elevator in the main building. The property features a Project-Based Section 8 contract that covers 100% of the units. The current contract rents are below the 2024 FMR's and $1434-$1735 below the 2024 HUD 150% SAFMR.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Cityside I and II
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1930
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.27 AC
LAND SF
11,761 SF
ZONING
IA
APN/PARCEL ID
11-08301-0000-00010
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