732-750-3000
25 Freeway Dr, East Orange, NJ for Sale
Apartments - FOR SALE
1/20
null | Request Cap Rate

25 Freeway Dr
East Orange, NJ 07018


HIGHLIGHTS

  • 30 year PILOT on The Crossroads
  • Ample parking
  • NYC views
  • 8-minute walk to the East Orange Train Station

OVERVIEW

The subject properties consist of a newly built, Class A, 48-unit apartment complex and a mid-rise, 25-unit apartment building with on-site parking for 73 cars. These properties offer a great opportunity to acquire new and prewar construction properties on 2 separate lots. - Great unit mix (over 64% 2-bedroom units at 25 Freeway Drive and over 60% 2-bedroom units at 10 South Grove Street) - Ample parking (73 parking spaces with lifts to increase density) - 8-minute walk to the East Orange Train Station which provides access to Newark and NY Penn Stations. The location is only a 22-minute train ride to NY Penn Station. - Great location next to Route 280

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

48

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Crossroads on Grove & 10 South Grove St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1992

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,458 SF

ZONING

N/Av, East Orange

APN/PARCEL ID

05-00180-0000-00015

ASK ABOUT THIS PROPERTY

Andrew ScheinermanThe Kislak Company, Inc.More Info
732-750-3000

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Andrew ScheinermanThe Kislak Company, Inc.More Info
732-750-3000

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