400 Passaic Ave - Apartments FOR SALE


Harrison, NJ 07029
$22,000,000 USD
201-953-9532
400 Passaic Ave, Harrison, NJ for Sale
$22,000,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

400 Passaic Ave
Harrison, NJ 07029


HIGHLIGHTS

  • 3.15% Fixed Interest Rate Assumable Debt
  • $600+/mo Rent Upside
  • 100% Occupancy
  • 2013 Year Built
  • 6 Minute Drive to Harrison PATH Station
  • 23 Minutes to NYC by Train

OVERVIEW

Situated along the banks of the Passaic River, St. George Apartments epitomizes the perfect blend of luxury, convenience, and versatility. This prime investment opportunity is fully occupied and offers a remarkable $600+/mo rent upside with no rent control. The property features distinguished 1 and 2 bedroom residences, each adorned with cedarstone countertops, hardwood floors, modern appliances, high-quality finishes, and spacious layouts. Residents are treated to an array of amenities, including a private fitness center, a beautifully landscaped courtyard, and an elegant lounge. Just a six-minute drive from the brand new Harrison PATH station, it provides express train service to Newark Penn Station, Jersey City, and the World Trade Center in a swift 23 minutes. This property exemplifies modern living within a thriving community, surrounded by scenic waterfront parks, diverse restaurants, and vibrant shopping options. Major employers such as Rutgers University-Newark, New Jersey Institute of Technology, and Essex County College are all within a 10-minute drive, making it an ideal location for both professionals and families Download OM https://stgeorge.hudsonatlantic.com

FOR SALE DETAILS

PRICE

$22,000,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

60

PRICE/UNIT

$366,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. George Harrison

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2013

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,391 SF

ZONING

GB/C

APN/PARCEL ID

02-00014-0000-00001

ASK ABOUT THIS PROPERTY

Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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